RALEIGH … Coal continues to be the dominant stocking stuffer for North Carolina technology firms looking for venture capital this year.
After have four deals worth $65 million close in the first week of the month, the state has seen just one deal in the past two weeks. Amphora Discovery of Durham tapped existing investors to bring in a $23 million second round last week.
So far this year, more than $473 million in venture financing has been raised by 59 Tar Heel tech firms, for an average deal size of just over $8 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. Amphora Discovery, Durham; Biotech; $23 million (2nd)
Investors: ARCH Venture Partners, CW Group, MPM Capital, Venrock Associates and Versant Ventures
6. Nobex, Durham; Biotech; $22.5 million (6th)
Investors: AEA Investors (lead), HealthCap and unidentified Taiwanese venture funds
7. BioStratum, Durham; Biotech; $20 million (3rd)
Investors: BankInvest, Equity Resources Group, HealthCap and MP Bio
8. Elogex, Charlotte; Software: $17 million (4th)
Investors: Fenway Partners
9. Serenex, Durham; Biotech; $15 million (2nd)
Investors: Intersouth Partners (lead), Lilly BioVentures, Mediphase Venture Partners and Seaflower Ventures
9. 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
11. 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
12. Dynogen Pharmaceuticals, Durham; Biotech; $13.25 million (1st)
Investors: Oxford Bioscience Partners (lead), A.M. Pappas & Associates and HealthCare Ventures
13. 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
14. 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
15. V3 Systems, Charlotte; Software; $11.5 million (1st)
Investors: Sterling Venture Partners (lead), Draper Atlantic Management, SpaceVest and Updata Venture Partners
16. INC Research, Raleigh; Pharmaceutical services; $11 million (NA)
Investors: Crosspoint Venture Partners (lead)
17. HiddenMind Technology, Cary; Software; $10 million (4th)
Investors: JLT Group
18. Peak 10, Charlotte; IT services; $9.2 million (3rd)
Investors: Frontier Capital and Seaport Capital
19. MediaSpan, Durham; Media; $8.5 million (1st)
Investors: Covestco-Seteura, Rustic Canyon Group and Southeast Interactive Technology Funds
20. 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
21. 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
22. TEAMM Pharmaceuticals, Morrisville, N.C.; Pharmaceuticals; $6.5 million (2nd)
Investors: Harbert Management (lead) and individuals
23. Cropsolution, Morrisville; Biotech; $6.4 million (1st)
Investors: Aurora Funds (lead), ATP Capital, Atlantis Group, Charlotte Angel Partners and Research Triangle Ventures
24. HAHT Commerce, Raleigh; Software; $6 million (2nd)
Investors: Canaan Partners
24. iReadyWorld, Charlotte; IT services; $6 million (3rd)
Investors: Total Technology Ventures (lead), Greenspring Ventures and Red Badge Ventures
26. ChannelAdvisor, Morrisville; Software; $5.7 million (2nd)
Investors: Genesis Venture Partners (lead), eBay, Southern Capitol Ventures, The Atlantis Group and Tri-State Investment Group
27. SiteScape, Wilmington; IT services; $5 million (2nd)
Investors: Echelon Ventures, SAIC Venture Capital
27. CipherOptics, Raleigh; IT services; $5 million (1st)
Investors: Kodiak Venture Partners
27. Oculan, Raleigh; IT services; $5 million (3rd)
Investors: Soros Private Equity Partners
27. FormScape, Morrisville; Software; $5 million (2nd)
Investors: MTI Partners
31. Trinity Convergence, Raleigh; Telecom; $4.5 million (2nd)
Investors: Core Capital Partners, Intersouth Partners and Mid-Atlantic Venture Funds
31. Relativity Technologies, Cary; Software; $4.5 million (3rd)
Investors: Intel Capital, Nichimen, Noro-Moseley Partners, Wakefield Group and individuals
33. AppGate, Durham; IT services; $4 million (3rd)
Investors: ABN Amro (co-lead), GE Equity (co-lead), Bure Equity, Industrifinans, Innovationskapital and Pythagoras
33. ParinGenix, Charlotte; Biotech; $4 million (1st)
Investors: Academy Funds, A.P. Kennedy Family Securities and Research Corporation Technologies
33. Encelle, Raleigh; Biotech; $4 million (4th)
Investors: Intersouth Partners, Koerner Capital and North Carolina Enterprise Fund
36. YellowBrick Solutions, Morrisville; Software; $3.9 million (3rd)
Investors: Artai Luxembourg and P3
37. Ziptronix, Research Triangle Park; Hardware; $3.5 million (2nd)
Investors: Alliance Technology Ventures, Research Triangle Ventures, RTI International and Xilinx
38. DarPharma, Chapel Hill; Biotech; $3.2 million (1st)
Investors: Stanley Foundation and individuals
39. Trinity Convergence, Raleigh; Telecom; $3.1 million (1st)
Investors: Core Capital Partners, Intersouth Partners, Mid-Atlantic Venture Funds
40. Total Billings, Fayetteville; Software; $3 million (2nd)
Investors: Dogwood Equity and Frontier Capital
40. Bloodhound, Durham; Software; $3 million (4th)
Investors: Noro-Moseley Partners (lead), A.M. Pappas & Associates, Eno River Capital and Wakefield Group
42. 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
43. nTouch Research, Raleigh; Pharmaceutical services; $2.6 million (3rd)
Investors: Canaan Partners (co-lead), Intersouth Partners (co-lead), Bioventures and Tri-State Investment Group
44. Waveguide Solutions, Charlotte; Semiconductors; $2.5 million (2nd)
Investors: Academy Venture Funds and Southeast Interactive Technology Funds
44. Zoom Culture, Chapel Hill; Media; $2.5 million (3rd)
Investors: Chrysalis Ventures, Cordova Ventures and Intersouth Partners
46. BuildLinks, Cary; Software; $2 million (2nd)
Investors: IdeaEdge Ventures and Southeast Interactive Technology Funds
47. Kucera Pharmaceuticals, Winston-Salem; Biotech; $1.9 million (1st)
Investors: Academy Funds, Piedmont Angel Network and individuals
48. AvidXchange, Charlotte; Software; $1.75 million (2nd)
Investors: CT Communications (lead), Charlotte Angel Partners and individuals
49. Gentris, Morrisville; Biotech; $1.5 million (1st)
Investors: Exelixis, Research Triangle Ventures and individuals
49. BioResource International, Raleigh; Biotech; $1.5 million (1st)
Investors: Chinese venture firm and individuals
51. MindValve, Charlotte; Software; $1 million (Seed)
Investors: Academy Venture Funds
51. ChemCodes, Durham; Biotech; $1 million (2nd)
Investors: Emerging Technology Partners
51. Lambda Technologies, Morrisville; Hardware; $1 million (6th)
Investors: Intersouth Partners
54. 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
56. Regado, Durham; Biotech; $150,000 (Seed)
Investors: Aurora Funds, Intersouth Partners and MDS Capital
57. BuildLinks, Cary; Software; NA (1st)
Investors: Knier and Associates
57. FullSeven Technologies, Research Triangle Park; Software; NA (2nd)
Investors: Southern Capitol Ventures and individuals
57. Waveguide Solutions, Charlotte; Hardware; NA (3rd)
Investors: Academy Funds and Southeast Interactive Technology Funds
