Georgia Keeps Finding Turkeys on Its Venture Hunt

ATLANTA … Georgia’s dry spell for venture deals continues, having closed just two deals during the first half of November after only three in all of October.

The latest deals involved security software developer GuardedNet, which took in $9 million in its first round, and IQStat, which is producing devices to monitor car radio listening habits for broadcasters and advertisers and now has a $2 million first round under its belt.

Still, Georgia continues to lead the region with $462 million in venture capital raised so far this year in 51 deals, for an average deal size of just over $9 million. Here is a look at LocalTechWire’s exclusive list of Georgia deals, ranked according to the size of the investment:

Company; Industry; Amount (Round)

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

4. Pathfire, Roswell; 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

5. Wave 7 Optics, Alpharetta; Telecom; $23 million (2nd)

Investors: ATV Capital (lead), Armada Ventures, Lucent Venture Partners, Mellon Ventures and Morganthaler Ventures

6. WebTone Technologies, Atlanta; Software; $20 million (NA)

Investors: Technology Crossover Ventures and individuals

7. 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

8. Wave 7 Optics, Alpharetta; Telecom; $15.5 million (3rd)

Investors: Oak Investment Partners (lead), Advanced Technology Ventures, Armada Venture Partners, Lucent Venture Partners, Mellon Ventures and Morgenthaler Ventures

9. Greenway Medical Technologies, Carrollton; Software; $15 million (3rd)

Investors: Individuals

10. Proxima Therapeutics, Alpharetta; 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

11. Skylight Financial, Atlanta; Internet; $12.8 million (2nd)

Investors: GTCR Golder Rauner (lead), Walnut Investment Partners and individuals

12. GlobalCare, Alpharetta; Internet; $11 million (1st)

Investors: Insight Venture Partners (lead), C&B Capital and THK Private Equities

13. N2 Broadband, Duluth; IT services; $10 million (2nd)

Investors: Highland Capital Partners (lead) and AOL Time Warner Ventures

13. Velant, Atlanta; IT services; $10 million (2nd)

Investors: 3i and Matrix Partners

15. Magnet Communications, Atlanta; Internet; $9.4 million (4th)

Investors: Conning Capital Partners and Total Technology Ventures

16. Proficient Systems, Atlanta; Software; $9 million (2nd)

Investors: GIMV (lead), Fuqua Ventures, Kinetic Ventures, Labrador Ventures and individuals

16. GuardedNet, Atlanta; Software; $9 million (1st)

Investors: M/C Venture Partners (lead), Imlay Investments and Technical Consulting Services

18. 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

19. Digiquant, Atlanta; IT services; $8 million (3rd)

Investors: General Atlantic Partners (lead), Cisco Systems, Index Ventures, Vertex Management and individuals

19. Netifice Communications, Atlanta; Telecom; $8 million (4th)

Investors: Boston Millennia Partners, Columbia Capital, Dolphin Communications Partners and H.I.G. Capital

21. Flamenco Networks, Atlanta; Telecom; $7.4 million (2nd)

Investors: Flagship Ventures (lead), Cordova Ventures and Noro-Moseley Partners

22. Netifice Communications, Atlanta; Telecom; $6.5 million (3rd)

Investors: Boston Millennia Partners, Columbia Capital and HIG Ventures

23. Lancope, Alpharetta; Software; $5.55 million (1st)

Investors: GMG Capital Partners and HIG Capital

24. EG Technology, Atlanta; Telecom; $5.5 million (1st)

Investors: Noro-Moseley Partners (lead), Gray Ventures, HIG Ventures and Yamacraw Seed Capital

25. KnowledgeStorm, Alpharetta; IT services; $5.25 million (2nd)

Investors: Sterling Venture Partners (lead), Apex Venture Partners, Imlay Investments, Live Oak Equity Partners and Total Technology Ventures

26. Datatrac, Atlanta; Software; $5 million (NA)

Investors: Megunticook Fund

26. MedCenterDirect.com, Atlanta; Internet; $5 million (4th)

Investors: Healthsouth, UBS Warburg

26. eCompanyStore, Atlanta; Internet; $5 million (NA)

Investors: ITC Holdings

29. VistaScape Technology, Atlanta; Software; $4.1 million (3rd)

Investors: Visionaria Venture Capital (lead), CDP Capital and individuals

30. LastMinuteTravel.com, Atlanta; Internet; $4 million (NA)

Investors: Individuals

30. EZ Prints, Atlanta; Internet; $4 million (4th)

Investors: PA Early Stage Partners and The Cairnwood Group

32. ConstructWare, Alpharetta; Software; $3 million (3rd)

Investors: Cordova Ventures, Live Oak Equity Partners and Smith Harbor Ventures

32. MDdatacor, Alpharetta, Ga.; IT services; $3 million (2nd)

Investors: Dianon Systems and individuals

34. BancIntelligence.com, Atlanta; Internet; $2.5 million (1st)

Investors: Imlay Investments and individuals

34. Firstdoor, Atlanta; Software; $2.5 million (5th)

Investors: Allen & Co. and individuals

36. Procuri, Atlanta; Internet; $2 million (2nd)

Investors: Individuals

36. Vocalocity, Atlanta; Software; $2 million (1st)

Investors: Atlanta Technology Angels, Five Paces Ventures, Imlay Investments and Yamacraw Seed Fund

36. IQStat, Duluth; Media; $2 million (1st)

Investors: Armada Venture Partners (lead) and Electronic System Products

39. 180Commerce, Atlanta; Software; $1.8 million (3rd)

Investors: Armada Venture Group and Imlay Investments

40. Somatocor, Atlanta; Biotech; $1.7 million (seed)

Investors: Alliance Technology Ventures

41. epipeline, Atlanta; Internet; $1.5 million (3rd)

Investors: Crossbow Ventures

41. ExchangeBlvd.com, Atlanta; Internet; $1.5 million (3rd)

Investors: Stephens

41. FlexLight Networks, Atlanta; Telecom; $1.5 million (2nd)

Investors: Israeli Ministry of Trade

44. Fortel DTV, Duluth; IT services; $1 million (NA)

Investors: Individuals

44. KevSoft, Alpharetta; Software; $1 million (1st)

Investors: Southeastern Technology Fund

44. Seventh Wave Technology, Atlanta; IT services; $1 million (3rd)

Investors: Southeastern Technology Fund (lead), Jemison Investment Co., Miller Investments and Richgood Corp.

47. Network Genomics, Atlanta; Software; $500,000 (NA)

Investors: Individuals

47. Ryla Teleservices; IT services; $500,000 (1st)

Investors: Sustainable Jobs Fund

47. Applied Systems Intelligence, Roswell, Ga.; Software; $500,000 (2nd)

Investors: Individuals

50. ZapMedia, Atlanta; Telecom; NA (2nd)

Investors: Five Paces Ventures

50. NeuroStar Solutions, Atlanta; Health care services; NA (Seed)

Investors: NextStart Capital