Figures for first-quarter venture capital deals are expected to be announced this week. The news may not be good if the Carolinas and Georgia are any indicator.
North Carolina is ahead of last year’s pace with some $92 million as compared to $60 million a year ago.
And South Carolina is up, thanks to the $63.5 million raised by NewSouth Communications. Two South Carolina deals generated $15 million through April 8 of last year.
But Georgia is way off, having raised some $60 million compared to $151 million a year ago.
In all, the three states have produced $225 million in deals compared to $300 million a year ago. .
LTW is adding one angel deal to its list- StrikeIron in Raleigh from Aurora Funds.
(If LTW has missed a deal, please notify Managing Editor Rick Smith via e-mail, rsmith8@nc.rr.com ).
Here is LTW’s exclusive list, which will be updated and published each Monday, for the three-state area:
Investment size; company; focus; location; investors
1. $63.5 million; New South Communications; telecommunications; Greenville, SC; Kohlberg, Kravis, Roberts; Wachovia Partners; Quadrangle Group; Vaxa Corporate Partners; M/C Ventures.
2. $24.5 million; TransTech Pharma; High Point, NC; pharmaceutical; MacAndrews & Fowles, Novo Nordisk A/S and Caphalon
3. $15.5 million; Prenova; services; Atlanta; Frontenac, Austin Ventures, River Cities Capital.
4. $14 million; Targacept; biotech; Nomura International, Oxford Bioscience Partners, JAFCO, Cogene Biotech Ventures, Bison Capital, Rock Castle Ventures; 2nd
4. $14 million; STI Knowledge; software and services; Atlanta; Satish Sanan (individual), BV-Cornerstone Ventures, Mellon Ventures; 1st.
6. $11 million; nuBridges; software; Atlanta; C&B Capital, GMT Capital, Noro-Moseley, hf Flagship Investments, Tycho and Marie Hawle Foundation plus 24 individuals.
7. $10.5 million; Arsenal Digital Solutions; storage management; Cary; Covestco, Southeast Interactive technology Funds, Southern Cross Capital; 4th.
8. $9.8 million; Stemco; biotech; Aurora Funds, Intersouth Partners, Becton Dickinson Ventures, Trelys Venture Partners, Tall Oaks Capital.
9. $8.5 million; OrthoNeuro; Charlotte; specialty hospital; New Enterprise Associates.
10. $7 million; Venetica; software; Charlotte; Charles River Ventures, General Catalyst Partners; 1st
11. $6.2 million; Brickstream Corporation; software; Columbia Capital and Mohr Davidow Ventures; 1st
12. $5 million; Lancope; security; Atlanta; HIG Ventures, GMG Capital Partners; 2nd
12. $5 million; Oculan; networking; Soros Equity Partners.
14. $4 million; USA Staffing; services; Greensboro; Venture Capital Solutions, Argosy Investment Partners II
15. $3.3 million; Q1 Labs; Atlanta; software; Business Development Bank of Canada, New Brunswick Investment Management Corp.; 1st
16. $3 million; Flexlight; Atlanta; optics/networking; Coral Ventures, Concord Ventures; 2nd
17. $2.1 million; Qcept; Atlanta; manufacturing; Pittco Capital Partners, Atlanta Technology Ventures, Bergman & Associates.
18. $2 million; Relativity; Cary, NC; software; Wakefield Group, Noro-Moseley
18. $2 million; AvidXchange; Charlotte; software; Charlotte Angels, Piedmont Angels and individuals; 2nd.
20. $1.6 million; RSS Solutions; Greenville, NC; software; Edgestone Capital Partners.
21. $1.5 million; LiveWire Logic; Morrisville, NC; software and services; Research Triangle Ventures, Gray Ventures
21. $1.5 million; Trinity Security; Charlotte; services; Venture Capital Solutions
23. $1.3 million; Tranzyme; RTP; biotech; Research Triangle Ventures, Paradigm Venture Partners, Green & Associates. Pacific Rim Ventures
24. $500,000; SAK Logistics; software; Atlanta; angels; 1st
25. Undisclosed; StrikeIorn; software; Raleigh; seed
