RALEIGH … One week after the boom, the bust hit the Southeast’s venture market last week, when not a single deal was closed in the Carolinas and Georgia.

Two weeks ago, four North Carolina firms closed on $65 million in venture capital, bringing the region’s total for the year to $956 million. But it remains stalled just short of breaking the $1 billion mark for the fourth straight year, and with just two weeks left in 2002, it’s unclear whether enough deals will be completed to push the region past that threshold.

So far this year, 114 technology firms in the Carolinas and Georgia have raised an average of almost $8.4 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. Targacept, Winston-Salem, N.C.; 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

3. 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

4. Fleetcor Technologies, Atlanta; IT services; $45 million (2nd)

Investors: Summit Partners

4. Hatteras Networks, Durham; Telecom; $45 million (3rd)

Investors: Grotech Capital Group (lead), Bessemer Venture Partners, Columbia Capital and ComVentures

6. 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

7. 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

8. TriVirix International, Chapel Hill, N.C.; 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

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

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

10. Nobex, Durham; Biotech; $22.5 million (6th)

Investors: AEA Investors (lead), HealthCap and unidentified Taiwanese venture funds

11. BioStratum, Durham; Biotech; $20 million (3rd)

Investors: BankInvest, Equity Resources Group, HealthCap and MP Bio

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

Investors: Technology Crossover Ventures and individuals

13. 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

14. Elogex, Charlotte; Software: $17 million (4th)

Investors: Fenway Partners

14. Altea Therapeutics, Atlanta; Biotech; $17 million (2nd)

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

16. 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

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

Investors: Individuals

17. Serenex, Durham; Biotech; $15 million (2nd)

Investors: Intersouth Partners (lead), Lilly BioVentures, Mediphase Venture Partners and Seaflower Ventures

17. 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

20. 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

20. Pinpoint Networks, Cary, N.C.; 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

22. Dynogen Pharmaceuticals, Durham; Biotech; $13.25 million (1st)

Investors: Oxford Bioscience Partners (lead), A.M. Pappas & Associates and HealthCare Ventures

23. 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

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

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

25. 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

26. V3 Systems, Charlotte; Software; $11.5 million (1st)

Investors: Sterling Venture Partners (lead), Draper Atlantic Management, SpaceVest and Updata Venture Partners

27. INC Research, Raleigh; Pharmaceutical services; $11 million (NA)

Investors: Crosspoint Venture Partners (lead)

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

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

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

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

29. HiddenMind Technology, Cary, N.C.; Software; $10 million (4th)

Investors: JLT Group

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

Investors: 3i and Matrix Partners

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

Investors: Conning Capital Partners and Total Technology Ventures

33. Peak 10, Charlotte; IT services; $9.2 million (3rd)

Investors: Frontier Capital and Seaport Capital

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

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

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

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

36. MediaSpan, Durham; Media; $8.5 million (1st)

Investors: Covestco-Seteura, Rustic Canyon Group, Southeast Interactive Technology Funds

36. 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

38. GenPhar, Mount Pleasant, S.C.; Biotech; $8 million (1st)

Investors: Individuals

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

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

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

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

41. 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

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

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

43. iOnosphere, Greenville, S.C.; Telecom; $7 million (2nd)

Investors: Pharos Capital (lead) and Trelys Venture Partners

43. 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.

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

Investors: Boston Millennia Partners, Columbia Capital and HIG Ventures

45. TEAMM Pharmaceuticals, Morrisville, N.C.; Pharmaceuticals; $6.5 million (2nd)

Investors: Harbert Management (lead) and individuals

47. Cropsolution, Morrisville, N.C.; Biotech; $6.4 million (1st)

Investors: Aurora Funds (lead), ATP Capital, Atlantis Group, Charlotte Angel Partners and Research Triangle Ventures

48. HAHT Commerce, Raleigh; Software; $6 million (2nd)

Investors: Canaan Partners

48. iReadyWorld, Charlotte; IT services; $6 million (3rd)

Investors: Total Technology Ventures (lead), Greenspring Ventures and Red Badge Ventures

50. 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

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

Investors: GMG Capital Partners and HIG Capital

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

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

53. 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

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

Investors: Megunticook Fund

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

Investors: Healthsouth, UBS Warburg

54. SiteScape, Wilmington, N.C.; IT services; $5 million (2nd)

Investors: Echelon Ventures, SAIC Venture Capital

54. CipherOptics, Raleigh; IT services; $5 million (1st)

Investors: Kodiak Venture Partners

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

Investors: ITC Holdings

54. Oculan, Raleigh; IT services; $5 million (3rd)

Investors: Soros Private Equity Partners

54. FormScape, Morrisville, N.C.; Software; $5 million (2nd)

Investors: MTI Partners

61. Trinity Convergence, Raleigh; Telecom; $4.5 million (2nd)

Investors: Core Capital Partners, Intersouth Partners and Mid-Atlantic Venture Funds

61. Relativity Technologies, Cary, N.C.; Software; $4.5 million (3rd)

Investors: Intel Capital, Nichimen, Noro-Moseley Partners, Wakefield Group and individuals

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

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

64. AppGate, Durham; IT services; $4 million (3rd)

Investors: ABN Amro (co-lead), GE Equity (co-lead), Bure Equity, Industrifinans, Innovationskapital and Pythagoras

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

Investors: Individuals

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

Investors: PA Early Stage Partners and The Cairnwood Group

64. ParinGenix, Charlotte; Biotech; $4 million (1st)

Investors: Academy Funds, A.P. Kennedy Family Securities and Research Corporation Technologies

64. Encelle, Raleigh; Biotech; $4 million (4th)

Investors: Intersouth Partners, Koerner Capital and North Carolina Enterprise Fund

69. YellowBrick Solutions, Morrisville, N.C.; Software; $3.9 million (3rd)

Investors: Artai Luxembourg and P3

70. Ziptronix, Research Triangle Park, N.C.; Hardware; $3.5 million (2nd)

Investors: Alliance Technology Ventures, Research Triangle Ventures, RTI International and Xilinx

71. DarPharma, Chapel Hill, N.C.; Biotech; $3.2 million (1st)

Investors: Stanley Foundation and individuals

72. Trinity Convergence, Raleigh; Telecom; $3.1 million (1st)

Investors: Core Capital Partners, Intersouth Partners, Mid-Atlantic Venture Funds

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

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

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

Investors: Dianon Systems and individuals

73. Total Billings, Fayetteville, N.C.; Software; $3 million (2nd)

Investors: Dogwood Equity and Frontier Capital

73. Bloodhound, Durham; Software; $3 million (4th)

Investors: Noro-Moseley Partners (lead), A.M. Pappas & Associates, Eno River Capital and Wakefield Group

77. 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

78. nTouch Research, Raleigh; Pharmaceutical services; $2.6 million (3rd)

Investors: Canaan Partners (co-lead), Intersouth Partners (co-lead), Bioventures and Tri-State Investment Group

79. Waveguide Solutions, Charlotte; Semiconductors; $2.5 million (2nd)

Investors: Academy Venture Funds and Southeast Interactive Technology Funds

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

Investors: Imlay Investments and individuals

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

Investors: Allen & Co. and individuals

79. Zoom Culture, Chapel Hill, N.C.; Media; $2.5 million (3rd)

Investors: Chrysalis Ventures, Cordova Ventures and Intersouth Partners

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

Investors: Dianon Systems, Snomark, Jupiter Partners and individuals

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

Investors: Individuals

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

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

84. LURHQ, Myrtle Beach, S.C.; IT services; $2