Investors minds continue to be on anything but Georgia, as the state endured another quiet week on the venture capital front.
One deal closed last week: High-speed circuit maker Quellan snagged $3 million from a group of existing investors and National Semiconductor. The Atlanta firm also hired a new chief executive.
That brings the state’s total for 2003 to about $64 million, a mere fraction of the more than $150 million in investments area tech companies had piled up as of this time a year ago.
Here’s LTW’s exclusive list of Georgia venture deals, ranked according to the size of the investment:
Company; Sector; Amount (Round):
1. Prenova, Atlanta; IT services; $15.5 million (NA)
Investors Austin Ventures, Frontenac and River Cities Capital.
2. STI Knowledge, Atlanta; Software; $14 million (1st)
Investors: BV-Cornerstone Ventures, Mellon Ventures and individual
3. nuBridges, Atlanta; Software; $11 million (NA)
Investors: C&B Capital, GMT Capital, hf Flagship Investments, Noro-Moseley, Tycho and Marie Hawle Foundation and individuals
4. Brickstream, Atlanta; Software; $6.2 million (1st)
Investors: Columbia Capital and Mohr Davidow Ventures
5. Lancope, Atlanta; IT Services; $5 million (2nd)
Investors: HIG Ventures and GMG Capital Partners
6. Q1 Labs, Atlanta; Software; $3.3 million (1st)
Investors: Business Development Bank of Canada and New Brunswick Investment Management
7. Flexlight, Atlanta; Networking; $3 million (2nd)
Investors: Coral Ventures and Concord Ventures
7. Quellan, Atlanta; Hardware; $3 million (NA)
Investors: Cordova Intellimedia Ventures, Greenspring Ventures, ITU Ventures, National Semiconductor, University Financing Foundation and Yamacraw Seed Capital Fund III
9. Qcept, Atlanta; Hardware; $2.1 million (NA)
Investors: Atlanta Technology Ventures, Bergman & Associates and Pittco Capital Partners
10. SAK Logistics, Atlanta; Software; $500,000 (1st)