Procuri has ended the drought.

The Atlanta software developer obtained a $10 million third round … its first institutional investment … to become the first Georgia technology company to close a venture deal since Auctionworks got $2 million at the end of April.

As the region heads toward the final two weeks of the first half of 2003, Georgia has posted 16 deals for about $80 million. The 30 deals for $330 million the state had closed by mid-June a year ago are just a distant memory.

Here’s LTW’s exclusive list of Georgia venture deals, ranked according to the size of the investment:

Company; Sector; Amount (Round):

1. Prenova, Marietta; IT services; $15.5 million (3rd)

Investors Frontenac (lead) Austin Ventures and River Cities Capital Funds

2. STI Knowledge, Atlanta; Software; $14 million (1st)

Investors: Satish Sanan (individual lead) BV-Cornerstone Ventures and Mellon Ventures

3. nuBridges, Atlanta; Software; $11 million (2nd)

Investors: hf Flagship Investments (lead), C&B Capital, GMT Capital, Noro-Moseley, Tycho and Marie Hawle Foundation and individuals

4. Procuri, Atlanta; Software; $10 million (3rd)

Investors: Insight Venture Partners

5. Brickstream, Atlanta; Software; $6.2 million (1st)

Investors: Columbia Capital and Mohr Davidow Ventures

6. Lancope, Alpharetta; IT Services; $5 million (2nd)

Investors: HIG Ventures and GMG Capital Partners

7. Q1 Labs, Atlanta; Software; $3.3 million (1st)

Investors: Business Development Bank of Canada and New Brunswick Investment Management

8. Flexlight, Atlanta; Networking; $3 million (2nd)

Investors: Coral Ventures and Concord Ventures

8. Quellan, Atlanta; Hardware; $3 million (2nd)

Investors: Cordova Intellimedia Ventures, Greenspring Ventures, ITU Ventures, National Semiconductor, University Financing Foundation and Yamacraw Seed Capital Fund III

10. CoreCard Software, Norcross; Software; $2.5 million (NA)

Investors: Intelligent Systems

11. Qcept, Atlanta; Hardware; $2.1 million (NA)

Investors: Pittco Capital Partners (lead), Atlanta Technology Ventures and Bergman & Associates

12. Auctionworks, Atlanta; Software; $2 million (2nd)

Investors: Undisclosed

13. AfterBOT, Norcross; Software; $835,000 (2nd)

Investors: River Cities Capital Funds

14. SAK Logistics, Atlanta; Software; $500,000 (1st)

Investors: Individuals

15. RYLA Teleservices, Woodstock; IT services; $100,000 (2nd)

Investors: Sustainable Jobs Fund

16. VT Silicon, Atlanta; Hardware; NA (Seed)

Investors: ITU Ventures