RALEIGH … Christmas came early for North Carolina technology firms, which hauled in venture funding goodies galore last week.
In a spree not seen since the summer, four Tar Heel firms pulled in $65 million in financing during the week. That equals the number of deals seen during all of November.
The activity was led by Targacept’s whopping $46 million second round … the largest deal in the state this year … and included $25 million for TriVirix International, another $2 million for Pinpoint Networks and $2 million for BuildLinks.
So far this year, more than $450 million in venture financing has been raised by 58 Tar Heel tech firms, for an average deal size of more than $7.7 million. Here is LocalTechWire’s exclusive list of deals in the state, ranked according to the amount raised:
Company; Industry; Amount (Round)
1. Targacept, Winston-Salem; Biotech; $46 million (2nd)
Investors: Nomura International Healthcare Private Equity Group (lead), Academy Ventures, Advent Venture Partners, Auriga Ventures, Burrill & Co., CDC-IXIS Innovation, CDIB BioScience Ventures, Easton Hunt Capital Partners, EuclidSR Partners, Genavent Fund, New Enterprise Associates and Société Générale Asset Management Finance
2. Hatteras Networks, Durham; Telecom; $45 million (3rd)
Investors: Grotech Capital Group (lead), Bessemer Venture Partners, Columbia Capital and ComVentures
3. 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
4. TriVirix International, Chapel Hill; Medical devices; $25 million (4th)
Investors: Grotech Capital Group (co-lead), Morgan Stanley Venture Partners (co-lead), Aurora Funds, Charlotte Angel Partners, Crescent Capital, Enterprise Equity, Frontier Capital, MDS Capital, Memphis Biomed Ventures, SunTrust Equity Partners, Thompson Clive and Partners, Trelys Venture Partners and Tri-State Investment Group of Chapel Hill
5. Nobex, Durham; Biotech; $22.5 million (6th)
Investors: AEA Investors (lead), HealthCap and unidentified Taiwanese venture funds
6. BioStratum, Durham; Biotech; $20 million (3rd)
Investors: BankInvest, Equity Resources Group, HealthCap and MP Bio
7. Elogex, Charlotte; Software: $17 million (4th)
Investors: Fenway Partners
8. Serenex, Durham; Biotech; $15 million (2nd)
Investors: Intersouth Partners (lead), Lilly BioVentures, Mediphase Venture Partners and Seaflower Ventures
8. 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
10. Pinpoint Networks, Cary; Software; $14 million (2nd)
Investors: Massey Burch Capital (co-lead), New Enterprise Associates (co-lead), Atlantis Group, Intel Capital, Noro-Moseley Partners, Tri-State Investment Group and Wakefield Group
11. Dynogen Pharmaceuticals, Durham; Biotech; $13.25 million (1st)
Investors: Oxford Bioscience Partners (lead), A.M. Pappas & Associates and HealthCare Ventures
12. Norak Biosciences, Research Triangle Park; Biotech; $13 million (2nd)
Investors: Noro-Moseley Partners (lead), Alexandria Real Estate Equities, Aurora Funds, Intersouth Partners, Koch Ventures and Mitsui & Co. Venture Partners
13. 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
14. V3 Systems, Charlotte; Software; $11.5 million (1st)
Investors: Sterling Venture Partners (lead), Draper Atlantic Management, SpaceVest and Updata Venture Partners
15. INC Research, Raleigh; Pharmaceutical services; $11 million (NA)
Investors: Crosspoint Venture Partners (lead)
16. HiddenMind Technology, Cary; Software; $10 million (4th)
Investors: JLT Group
17. Peak 10, Charlotte; IT services; $9.2 million (3rd)
Investors: Frontier Capital and Seaport Capital
18. MediaSpan, Durham; Media; $8.5 million (1st)
Investors: Covestco-Seteura, Rustic Canyon Group and Southeast Interactive Technology Funds
19. NetOctave, Morrisville; IT services; $7.8 million (2nd)
Investors: Intersouth Partners (lead), Intel Communications Fund, Kitty Hawk Capital, MCNC, North Carolina Enterprise Fund and Wakefield Group
20. Zoom Culture, Chapel Hill; Media; $7 million (2nd)
Investors: Chrysalis Ventures (lead), Atlantis Group, Charlotte Angel Partners, Cordova Ventures, Intersouth Partners and Tri-State Investment Group
21. TEAMM Pharmaceuticals, Morrisville, N.C.; Pharmaceuticals; $6.5 million (2nd)
Investors: Harbert Management (lead) and individuals
22. Cropsolution, Morrisville; Biotech; $6.4 million (1st)
Investors: Aurora Funds (lead), ATP Capital, Atlantis Group, Charlotte Angel Partners and Research Triangle Ventures
23. HAHT Commerce, Raleigh; Software; $6 million (2nd)
Investors: Canaan Partners
23. iReadyWorld, Charlotte; IT services; $6 million (3rd)
Investors: Total Technology Ventures (lead), Greenspring Ventures and Red Badge Ventures
25. ChannelAdvisor, Morrisville; Software; $5.7 million (2nd)
Investors: Genesis Venture Partners (lead), eBay, Southern Capitol Ventures, The Atlantis Group and Tri-State Investment Group
26. SiteScape, Wilmington; IT services; $5 million (2nd)
Investors: Echelon Ventures, SAIC Venture Capital
26. CipherOptics, Raleigh; IT services; $5 million (1st)
Investors: Kodiak Venture Partners
26. Oculan, Raleigh; IT services; $5 million (3rd)
Investors: Soros Private Equity Partners
26. FormScape, Morrisville; Software; $5 million (2nd)
Investors: MTI Partners
30. Trinity Convergence, Raleigh; Telecom; $4.5 million (2nd)
Investors: Core Capital Partners, Intersouth Partners and Mid-Atlantic Venture Funds
30. Relativity Technologies, Cary; Software; $4.5 million (3rd)
Investors: Intel Capital, Nichimen, Noro-Moseley Partners, Wakefield Group and individuals
32. AppGate, Durham; IT services; $4 million (3rd)
Investors: ABN Amro (co-lead), GE Equity (co-lead), Bure Equity, Industrifinans, Innovationskapital and Pythagoras
32. ParinGenix, Charlotte; Biotech; $4 million (1st)
Investors: Academy Funds, A.P. Kennedy Family Securities and Research Corporation Technologies
32. Encelle, Raleigh; Biotech; $4 million (4th)
Investors: Intersouth Partners, Koerner Capital and North Carolina Enterprise Fund
35. YellowBrick Solutions, Morrisville; Software; $3.9 million (3rd)
Investors: Artai Luxembourg and P3
36. Ziptronix, Research Triangle Park; Hardware; $3.5 million (2nd)
Investors: Alliance Technology Ventures, Research Triangle Ventures, RTI International and Xilinx
37. DarPharma, Chapel Hill; Biotech; $3.2 million (1st)
Investors: Stanley Foundation and individuals
38. Trinity Convergence, Raleigh; Telecom; $3.1 million (1st)
Investors: Core Capital Partners, Intersouth Partners, Mid-Atlantic Venture Funds
39. Total Billings, Fayetteville; Software; $3 million (2nd)
Investors: Dogwood Equity and Frontier Capital
39. Bloodhound, Durham; Software; $3 million (4th)
Investors: Noro-Moseley Partners (lead), A.M. Pappas & Associates, Eno River Capital and Wakefield Group
41. LiveWire Logic, Morrisville; 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
42. nTouch Research, Raleigh; Pharmaceutical services; $2.6 million (3rd)
Investors: Canaan Partners (co-lead), Intersouth Partners (co-lead), Bioventures and Tri-State Investment Group
43. Waveguide Solutions, Charlotte; Semiconductors; $2.5 million (2nd)
Investors: Academy Venture Funds and Southeast Interactive Technology Funds
43. Zoom Culture, Chapel Hill; Media; $2.5 million (3rd)
Investors: Chrysalis Ventures, Cordova Ventures and Intersouth Partners
45. BuildLinks, Cary; Software; $2 million (2nd)
Investors: IdeaEdge Ventures and Southeast Interactive Technology Funds
46. Kucera Pharmaceuticals, Winston-Salem; Biotech; $1.9 million (1st)
Investors: Academy Funds, Piedmont Angel Network and individuals
47. AvidXchange, Charlotte; Software; $1.75 million (2nd)
Investors: CT Communications (lead), Charlotte Angel Partners and individuals
48. Gentris, Morrisville; Biotech; $1.5 million (1st)
Investors: Exelixis, Research Triangle Ventures and individuals
48. BioResource International, Raleigh; Biotech; $1.5 million (1st)
Investors: Chinese venture firm and individuals
50. MindValve, Charlotte; Software; $1 million (Seed)
Investors: Academy Venture Funds
50. ChemCodes, Durham; Biotech; $1 million (2nd)
Investors: Emerging Technology Partners
50. Lambda Technologies, Morrisville; Hardware; $1 million (6th)
Investors: Intersouth Partners
53. Bandwidth.com, Durham; Telecom; $500,000 (1st)
Investors: Individuals
54. Xanthon, Research Triangle Park; Biotech; $200,000 (4th)
Investors: Aurora Funds, Franklin Street Partners, Intersouth Partners and Noro-Moseley Partners
55. Regado, Durham; Biotech; $150,000 (Seed)
Investors: Aurora Funds, Intersouth Partners and MDS Capital
56. BuildLinks, Cary; Software; NA (1st)
Investors: Knier and Associates
56. FullSeven Technologies, Research Triangle Park; Software; NA (2nd)
Investors: Southern Capitol Ventures and individuals
56. Waveguide Solutions, Charlotte; Hardware; NA (3rd)
Investors: Academy Funds and Southeast Interactive Technology Funds
