EGT’s $7.4M Deal Is Georgia’s Fifth Largest for Year

EGT, a digital video company, closed on one of Georgia’s bigger venture deals of the year last week.

With a syndicate of high-profile investors signing on, EGT received $7.4 million for its second round. Investors included Sevin Rosen Funds, Noro-Moseley Partners, HIG Ventures, Gray Ventures, Yamacraw Seed Capital Fund and angels.

The deal was Georgia’s 18 for the year. According to LTW figures, those deals have generated some $93 million

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. EGT, Atlanta; Digital Video; $7.4 million (2nd)
Investors: Sevin Rosen Funds, Noro-Moseley Partners, HIG Ventures, Gray Ventures, the Yamacraw Seed Capital Funds, angels.

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

Investors: Columbia Capital and Mohr Davidow Ventures

7. Trusted Network Technologies, Alpharetta; IT services; $6 million (1st)

Investors: Charles River Ventures and Flagship Ventures

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

Investors: HIG Ventures and GMG Capital Partners

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

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

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

Investors: Coral Ventures and Concord Ventures

10. 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

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

Investors: Intelligent Systems

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

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

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

Investors: Undisclosed

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

Investors: River Cities Capital Funds

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

Investors: Individuals

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

Investors: Sustainable Jobs Fund