Two Georgia Firms Stuff Venture Rounds Before the Holidays

ATLANTA … It’s not a flood, but venture deals are beginning to flow to Georgia tech firms at a steady pace. After a weak October that saw just three deals, four have closed in the past two weeks.

The latest deals involved Altea Therapeutics, which is developing drugs that can be delivered through the skin and now has an extra $17 million to help its effort, and medical informatics company MDdatacor, which closed a $2.3 million round … its second in seven months.

Fifty-three firms now have closed venture deals so far this year, totaling $481 million, 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. Altea Therapeutics, Atlanta; Biotech; $17 million (2nd)

Investors: Domain Associates (co-lead), Venrock Associates (co-lead) and vSpring Capital

9. 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

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

Investors: Individuals

11. 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

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

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

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

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

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

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

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

Investors: 3i and Matrix Partners

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

Investors: Conning Capital Partners and Total Technology Ventures

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

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

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

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

19. 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

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

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

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

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

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

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

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

Investors: Boston Millennia Partners, Columbia Capital and HIG Ventures

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

Investors: GMG Capital Partners and HIG Capital

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

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

26. 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

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

Investors: Megunticook Fund

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

Investors: Healthsouth, UBS Warburg

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

Investors: ITC Holdings

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

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

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

Investors: Individuals

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

Investors: PA Early Stage Partners and The Cairnwood Group

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

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

33. MDdatacor, Alpharetta; Software; $3 million (2nd)

Investors: Dianon Systems, Snomark, Jupiter Partners and individuals

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

Investors: Imlay Investments and individuals

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

Investors: Allen & Co. and individuals

37. MDdatacor, Alpharetta; Software; $2.3 million (3rd)

Investors: Dianon Systems, Snomark, Jupiter Partners and individuals

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

Investors: Individuals

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

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

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

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

41. 180Commerce, Atlanta; Software; $1.8 million (3rd)

Investors: Armada Venture Group and Imlay Investments

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

Investors: Alliance Technology Ventures

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

Investors: Crossbow Ventures

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

Investors: Stephens

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

Investors: Israeli Ministry of Trade

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

Investors: Individuals

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

Investors: Southeastern Technology Fund

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

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

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

Investors: Individuals

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

Investors: Sustainable Jobs Fund

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

Investors: Individuals

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

Investors: Five Paces Ventures

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

Investors: NextStart Capital