RALEIGH … The calendar has flipped over to November, but venture deals are just as rare a sight as they were in October. Following a month in which just eight fundings were completed in the Carolinas and Georgia, nothing has happened so far this month.
Across the Southeast, 103 tech firms have raised more than $841 million in venture funding so far this year, for an average deal size of about $8.2 million. Here’s a look at LocalTechWire’s exclusive list of deals in the region, ranked according to the size of the investment:
Company; Industry; Amount (Round)
1. Movaz Networks, Norcross, Ga.; Telecom; $60 million (3rd)
Investors: Oak Investment Partners (lead), Anschutz Investments, GATX Ventures, Menlo Ventures, Meritech Capital Partners, Silicon Valley BancVentures, Telus Ventures and Worldview Technology Partners
2. Inhibitex, Atlanta; Biotech; $45.4 million (4th)
Investors: Essex Woodlands Health Ventures (co-lead), New Enterprise Associates (co-lead), Alliance Technology Ventures, CDP Sofinov, Pacific Horizon Ventures and William Blair Capital Partners
3. Fleetcor Technologies, Atlanta; IT services; $45 million (2nd)
Investors: Summit Partners
3. Hatteras Networks, Durham; Telecom; $45 million (3rd)
Investors: Grotech Capital Group (lead), Bessemer Venture Partners, Columbia Capital and ComVentures
5. Scynexis, Durham; Pharmaceutical services; $29 million (3rd)
Investors: Alta Partners (lead), Burrill & Co., CDC Innovation Partners, Genavent, KBL Healthcare Ventures, SG Asset Management, SR One and Ventech
6. Pathfire, Roswell, Ga.; Software; $27 million (5th)
Investors: AT&T Ventures, Bank of America Capital Investors, CNN News Group, Halpern Denny & Co., Institutional Venture Partners, Kinetic Ventures, Monarch Capital Partners, Noro-Moseley Partners, Quadrangle Group, Reuters Greenhouse Fund, Riggs Capital Partners and US Venture Partners
7. Wave 7 Optics, Alpharetta, Ga.; Telecom; $23 million (2nd)
Investors: ATV Capital (lead), Armada Ventures, Lucent Venture Partners, Mellon Ventures and Morganthaler Ventures
8. Nobex, Durham; Biotech; $22.5 million (6th)
Investors: AEA Investors (lead), HealthCap and unidentified Taiwanese venture funds
9. BioStratum, Durham; Biotech; $20 million (3rd)
Investors: BankInvest, Equity Resources Group, HealthCap and MP Bio
9. WebTone Technologies, Atlanta; Software; $20 million (NA)
Investors: Technology Crossover Ventures and individuals
11. Servigistics, Atlanta; Software; $18 million (3rd)
Investors: Bain Capital Ventures (lead), Cordova Intellimedia Ventures, Encubate Technology Ventures, Robinson-Humphrey Netlanta Fund, SSM Ventures, Symphony Technology Group and UPS Strategic Enterprise Fund
12. Elogex, Charlotte; Software: $17 million (4th)
Investors: Fenway Partners
13. Wave 7 Optics, Alpharetta, Ga.; Telecom; $15.5 million (3rd)
Investors: Oak Investment Partners (lead), Advanced Technology Ventures, Armada Venture Partners, Lucent Venture Partners, Mellon Ventures and Morgenthaler Ventures
14. Greenway Medical Technologies, Carrollton, Ga.; Software; $15 million (3rd)
Investors: Individuals
14. Serenex, Durham; Biotech; $15 million (2nd)
Investors: Intersouth Partners (lead), Lilly BioVentures, Mediphase Venture Partners and Seaflower Ventures
14. Overture Networks, Research Triangle Park, N.C.; Telecom; $15 million (2nd)
Investors: Morganthaler Ventures (lead), Armada Ventures, Atlantis Group, Charlotte Angel Partners, Gray Ventures, Intersouth Partners and Tri-State Investment Group
17. Proxima Therapeutics, Alpharetta, Ga.; Medical devices; $14 million (5th)
Investors: Montagu Newhall Associates (lead), Boston Scientific, Catalyst Ventures, Domain Associates, Hillman Medical Ventures, Lovett Miller & Co., Merrill Lynch Ventures, New Enterprise Associates and Pilgrim Baxter Hybrid Partners
18. Norak Biosciences, Research Triangle Park, N.C.; Biotech; $13 million (2nd)
Investors: Noro-Moseley Partners (lead), Alexandria Real Estate Equities, Aurora Funds, Intersouth Partners, Koch Ventures and Mitsui & Co. Venture Partners
19. Skylight Financial, Atlanta; Internet; $12.8 million (2nd)
Investors: GTCR Golder Rauner (lead), Walnut Investment Partners and individuals
20. LVL7 Systems, Cary, N.C.; Software; $12.5 million (2nd)
Investors: Gabriel Venture Partners (co-lead), H.I.G. Ventures (co-lead), Accton Technology and individuals
21. Pinpoint Networks, Cary; Software; $12 million (2nd)
Investors: Massey Burch Capital (co-lead), New Enterprise Associates (co-lead), Atlantis Group, Noro-Moseley Partners, Tri-State Investment Group and Wakefield Group
22. V3 Systems, Charlotte; Software; $11.5 million (1st)
Investors: Sterling Venture Partners (lead), Draper Atlantic Management, SpaceVest and Updata Venture Partners
23. INC Research, Raleigh; Pharmaceutical services; $11 million (NA)
Investors: Crosspoint Venture Partners (lead)
23. GlobalCare, Alpharetta, Ga.; Internet; $11 million (1st)
Investors: Insight Venture Partners (lead), C&B Capital and THK Private Equities
25. N2 Broadband, Duluth, Ga.; IT services; $10 million (2nd)
Investors: Highland Capital Partners (lead) and AOL Time Warner Ventures
25. HiddenMind Technology, Cary, N.C.; Software; $10 million (4th)
Investors: JLT Group
25. Velant, Atlanta; IT services; $10 million (2nd)
Investors: 3i and Matrix Partners
28. Magnet Communications, Atlanta; Internet; $9.4 million (4th)
Investors: Conning Capital Partners and Total Technology Ventures
29. Peak 10, Charlotte; IT services; $9.2 million (3rd)
Investors: Frontier Capital and Seaport Capital
30. Proficient Systems, Atlanta; Software; $9 million (2nd)
Investors: GIMV (lead), Fuqua Ventures, Kinetic Ventures, Labrador Ventures and individuals
31. MediaSpan, Durham; Media; $8.5 million (1st)
Investors: Covestco-Seteura, Rustic Canyon Group, Southeast Interactive Technology Funds
31. Fast-Talk Communications, Atlanta; IT services; $8.5 million (2nd)
Investors: Boston Millennia Partners (lead), Atlanta Technology Angels, Cordova Ventures, HIG Ventures and SAIC Venture Capital
33. GenPhar, Mount Pleasant, S.C.; Biotech; $8 million (1st)
Investors: Individuals
33. Digiquant, Atlanta; IT services; $8 million (3rd)
Investors: General Atlantic Partners (lead), Cisco Systems, Index Ventures, Vertex Management and individuals
33. Netifice Communications, Atlanta; Telecom; $8 million (4th)
Investors: Boston Millennia Partners, Columbia Capital, Dolphin Communications Partners and H.I.G. Capital
36. NetOctave, Morrisville, N.C.; IT services; $7.8 million (2nd)
Investors: Intersouth Partners (lead), Intel Communications Fund, Kitty Hawk Capital, MCNC, North Carolina Enterprise Fund and Wakefield Group
37. Flamenco Networks, Atlanta; Telecom; $7.4 million (2nd)
Investors: Flagship Ventures (lead), Cordova Ventures and Noro-Moseley Partners
38. iOnosphere, Greenville, S.C.; Telecom; $7 million (2nd)
Investors: Pharos Capital (lead) and Trelys Venture Partners
38. Zoom Culture, Chapel Hill, N.C.; Media; $7 million (2nd)
Investors: Chrysalis Ventures (lead), Atlantis Group, Charlotte Angel Partners, Cordova Ventures, Intersouth Partners and Tri-State Investment Group.
40. Netifice Communications, Atlanta; Telecom; $6.5 million (3rd)
Investors: Boston Millennia Partners, Columbia Capital and HIG Ventures
40. TEAMM Pharmaceuticals, Morrisville, N.C.; Pharmaceuticals; $6.5 million (2nd)
Investors: Harbert Management (lead) and individuals
42. Cropsolution, Morrisville, N.C.; Biotech; $6.4 million (1st)
Investors: Aurora Funds (lead), ATP Capital, Atlantis Group, Charlotte Angel Partners and Research Triangle Ventures
43. HAHT Commerce, Raleigh; Software; $6 million (2nd)
Investors: Canaan Partners
43. iReadyWorld, Charlotte; IT services; $6 million (3rd)
Investors: Total Technology Ventures (lead), Greenspring Ventures and Red Badge Ventures
45. ChannelAdvisor, Morrisville, N.C.; Software; $5.7 million (2nd)
Investors: Genesis Venture Partners (lead), eBay, Southern Capitol Ventures, The Atlantis Group and Tri-State Investment Group
46. Lancope, Alpharetta, Ga.; Software; $5.55 million (1st)
Investors: GMG Capital Partners and HIG Capital
47. EG Technology, Atlanta; Telecom; $5.5 million (1st)
Investors: Noro-Moseley Partners (lead), Gray Ventures, HIG Ventures and Yamacraw Seed Capital
48. KnowledgeStorm, Alpharetta, Ga.; IT services; $5.25 million (2nd)
Investors: Sterling Venture Partners (lead), Apex Venture Partners, Imlay Investments, Live Oak Equity Partners and Total Technology Ventures
49. Datatrac, Atlanta; Software; $5 million (NA)
Investors: Megunticook Fund
49. MedCenterDirect.com, Atlanta; Internet; $5 million (4th)
Investors: Healthsouth, UBS Warburg
49. SiteScape, Wilmington, N.C.; IT services; $5 million (2nd)
Investors: Echelon Ventures, SAIC Venture Capital
49. CipherOptics, Raleigh; IT services; $5 million (1st)
Investors: Kodiak Venture Partners
49. eCompanyStore, Atlanta; Internet; $5 million (NA)
Investors: ITC Holdings
49. Oculan, Raleigh; IT services; $5 million (3rd)
Investors: Soros Private Equity Partners
49. FormScape, Morrisville, N.C.; Software; $5 million (2nd)
Investors: MTI Partners
56. Trinity Convergence, Raleigh; Telecom; $4.5 million (2nd)
Investors: Core Capital Partners, Intersouth Partners and Mid-Atlantic Venture Funds
56. Relativity Technologies, Cary, N.C.; Software; $4.5 million (3rd)
Investors: Intel Capital, Nichimen, Noro-Moseley Partners, Wakefield Group and individuals
58. VistaScape Technology, Atlanta; Software; $4.1 million (3rd)
Investors: Visionaria Venture Capital (lead), CDP Capital and individuals
59. AppGate, Durham; IT services; $4 million (3rd)
Investors: ABN Amro (co-lead), GE Equity (co-lead), Bure Equity, Industrifinans, Innovationskapital and Pythagoras
59. LastMinuteTravel.com, Atlanta; Internet; $4 million (NA)
Investors: Individuals
59. EZ Prints, Atlanta; Internet; $4 million (4th)
Investors: PA Early Stage Partners and The Cairnwood Group
59. ParinGenix, Charlotte; Biotech; $4 million (1st)
Investors: Academy Funds, A.P. Kennedy Family Securities and Research Corporation Technologies
59. Encelle, Raleigh; Biotech; $4 million (4th)
Investors: Intersouth Partners, Koerner Capital and North Carolina Enterprise Fund
64. Ziptronix, Research Triangle Park, N.C.; Hardware; $3.5 million (2nd)
Investors: Alliance Technology Ventures, Research Triangle Ventures, RTI International and Xilinx
65. DarPharma, Chapel Hill, N.C.; Biotech; $3.2 million (1st)
Investors: Stanley Foundation and individuals
66. Trinity Convergence, Raleigh; Telecom; $3.1 million (1st)
Investors: Core Capital Partners, Intersouth Partners, Mid-Atlantic Venture Funds
67. ConstructWare, Alpharetta, Ga.; Software; $3 million (3rd)
Investors: Cordova Ventures, Live Oak Equity Partners and Smith Harbor Ventures
67. MDdatacor, Alpharetta, Ga.; IT services; $3 million (2nd)
Investors: Dianon Systems and individuals
67. Total Billings, Fayetteville, N.C.; Software; $3 million (2nd)
Investors: Dogwood Equity and Frontier Capital
70. LiveWire Logic, Morrisville, N.C.; IT services; $2.8 million (2nd)
Investors: Gray Ventures (lead), A.M. Pappas & Associates, The Atlantis Group, Charlotte Angel Partners, Research Triangle Ventures, Tri-State Investment Group, truePilot and individuals
71. nTouch Research, Raleigh; Pharmaceutical services; $2.6 million (3rd)
Investors: Canaan Partners (co-lead), Intersouth Partners (co-lead), Bioventures and Tri-State Investment Group
72. Waveguide Solutions, Charlotte; Semiconductors; $2.5 million (2nd)
Investors: Academy Venture Funds and Southeast Interactive Technology Funds
72. BancIntelligence.com, Atlanta; Internet; $2.5 million (1st)
Investors: Imlay Investments and individuals
72. Firstdoor, Atlanta; Software; $2.5 million (5th)
Investors: Allen & Co. and individuals
72. Zoom Culture, Chapel Hill, N.C.; Media; $2.5 million (3rd)
Investors: Chrysalis Ventures, Cordova Ventures and Intersouth Partners
76. Procuri, Atlanta; Internet; $2 million (2nd)
Investors: Individuals
76. Vocalocity, Atlanta; Software; $2 million (1st)
Investors: Atlanta Technology Angels, Five Paces Ventures, Imlay Investments and Yamacraw Seed Fund
76. LURHQ, Myrtle Beach, S.C.; IT services; $2 million (1st)
Investors: Frontier Capital
79. Kucera Pharmaceuticals, Winston-Salem, N.C.; Biotech; $1.9 million (1st)
Investors: Academy Funds, Piedmont Angel Network and individuals
80. 180Commerce, Atlanta; Software; $1.8 million (3rd)
Investors: Armada Venture Group and Imlay Investments
80. AvidXchange, Charlotte; Software; $1.75 million (2nd)
Investors: CT Communications (lead), Charlotte Angel Partners and individuals
82. Somatocor, Atlanta; Biotech; $1.7 million (seed)
Investors: Alliance Technology Ventures
83. epipeline, Atlanta; Internet; $1.5 million (3rd)
Investors: Crossbow Ventures
83. Gentris, Morrisville, N.C.; Biotech; $1.5 million (1st)
Investors: Exelixis, Research Triangle Ventures and individuals
83. ExchangeBlvd.com, Atlanta; Internet; $1.5 million (3rd)
Investors: Stephens
83. BioResource International, Raleigh; Biotech; $1.5 million (1st)
Investors: Chinese venture firm and individuals
83. FlexLight Networks, Atlanta; Telecom; $1.5 million (2nd)
Investors: Israeli Ministry of Trade
88. Fortel DTV, Duluth, Ga.; IT services; $1 million (NA)
Investors: Individuals
88. ChemCodes, Durham; Biotech; $1 million (2nd)
Investors: Emerging Technology Partners
88. MindValve, Charlotte; Software; $1 million (Seed)
Investors: Academy Venture Funds
88. KevSoft, Alpharetta, Ga.; Software; $1 million (1st)
Investors: Southeastern Technology Fund
88. Seventh Wave Technology, Atlanta; IT services; $1 million (3rd)
Investors: Southeastern Technology Fund (lead), Jemison Investment Co., Miller Investments and Richgood Corp.
93. Bandwidth.com, Durham; Telecom; $500,000 (1st)
Investors: Individuals
93. Network Genomics, Atlanta; Software; $500,000 (NA)
Investors: Individuals
93. Ryla Teleser
