APEX Deal Pushes North Carolina Past $170M in 2003 Deals

APEX Analytix has been around for more than a decade, and its decision to expand through venture funding helped North Carolina up its venture capital funding..

So far in 2003, 35 firms have attracted about $172 million in venture capital after APEX closed on $7 million.

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

Company; Sector; Amount (Round)

Investors: MacAndrews & Forbes (lead), Cephaton and Novo Nordisk A/S

2. Targacept, Winston-Salem; Biotech; $14 million (2nd)

Investors: Nomura International Healthcare Private Equity Group (lead), Bison Capital, Cogene Biotech Ventures, JAFCO, Oxford Bioscience Partners and Rock Castle Ventures

3. Ziptronix, Morrisville; Hardware; $13.9 million (2nd)

Investors: Grotech Capital Group (co-lead), Intersouth Partners (co-lead), iSherpa Capital and MCNC Enterprise Fund

4. TranS1, Wilmington; Medical devices; $12 million (2nd)

Investors: Advanced Technology Ventures (lead), Cutlass Capital, Delphi Ventures and Sapient Capital

5. Arsenal Digital Solutions, Cary; IT services; $10.5 million (4th)

Investors: Covestco, Southeast Interactive Technology Funds and Southern Cross Capital

6. Ephinay, Charlotte; IT services; $10 million (1st)

Investors: Chrys Capital

6. StemCo Biomedical, Durham; Biotech; $10 million (2nd)

Investors: Aurora Funds (co-lead), Intersouth Partners (co-lead), BD Ventures, Piedmont Angel Network, Tall Oaks Capital and Trelys Venture Partners

8. CipherOptics, Raleigh; IT services; $9.6 million (2nd)

Investors: Kodiak Venture Partners (lead), Axiom Venture Partners, New Tampa Technologies and Origin Partners

9. Optical Experts Manufacturing, Charlotte; Media; $8 million (1st)

Investors: Ballast Point Ventures, Frontier Capital and Harbinger Mezzanine

10. Venetica, Charlotte; Software; $7 million (1st)

Investors: Charles River Ventures and General Catalyst Partners

10. APEX Analytix, Greensboro; Software; $7 million (1st)

Investors: Wakefield, Noro-Moseley

12. Oculan, Raleigh; Networking; $5 million (4th)

Investors: Soros Equity Partners

12. VisionAIR, Castle Hayne; Software; $5 million (NA)

Investors: Banc of America Capital Investors (lead), Covestco, GE Capital and Southeast Interactive Technology Funds

14. MediaSpan Group, Durham; IT services/software; $4.5 million (1st)

Investors: Covesco-Seteura, Rustic Canyon Group and Southeast Interactive Technology Funds

15. HAHT Commerce, Raleigh; Software; $4.1 million (3rd)

Investors: Banc of America Capital Investors, Canaan Partners, CIBC Capital Partners and Granite Ventures

16. Kyma Technologies, Research Triangle Park; Hardware; $4 million (2nd)

Investors: Digital Power Capital and Siemens Venture Capital

17. XActional, Durham; Software; $2.5 million (1st)

Investors: Aurora Funds (lead), Intersouth Partners and NextPoint Partners

18. Relativity Technologies, Cary; Software; $2 million (4th)

Investors: Noro-Moseley Partners and Wakefield Group

18. AvidXchange, Charlotte; Software; $2 million (2nd)

Investors: Charlotte Angel Partners, Piedmont Angel Network and and individuals

18. NuTech Solutions, Charlotte; Software; $2 million (3rd)

Investors: Individuals

18. Encelle, Raleigh; Biotech; $2 million (4th)

Investors: Intersouth Partners and North Carolina Enterprise Fund

18. Bright View Technologies, Chapel Hill; Media; $2 million (1st)

Investors: Tri-State Investment Group (lead), Charleston Angel Partners, Charlotte Angel Partners and Piedmont Angel Network

23. ChemCodes, Durham; Biotech; $1.8 million (3rd)

Investors: Intersouth Partners and Noro-Moseley Partners

24. RSS Solutions, Greenville; Software; $1.6 million (1st)

Investors: EdgeStone Capital Partners

25. LiveWire Logic, Morrisville; Software; $1.5 million (3rd)

Investors: Gray Ventures and Research Triangle Ventures

25. Trinity Security, Charlotte; IT services; $1.5 million (1st)

Investors: Venture Capital Solutions

27. Synthematix, Durham; Software; $1.25 million (2nd)

Investors: Catalysta Partners and individuals

28. ISIC, Cary; Hardware; $1 million (Seed)

Investors: Academy Funds and MCNC Seed Fund

28. Tranzyme, Research Triangle Park; Biotech; $1 million (2nd)

Investors: Shin Nippon Biomedical Laboratories

30. iReadyWorld, Charlotte; IT services; $650,000 (4th)

Investors: Total Technology Ventures

31. Metabolon Pharmaceuticals, Research Triangle Park; Biotech; $300,000 (Seed)

Investors: Aurora Funds

32. Noverant, Raleigh; Software; $266,000 (Seed)

Investors: Research Triangle Ventures and individuals

33. Coventor, Cary; Hardware; $250,000 (5th)

Investors: Wakefield Group

34. StrikeIron, Raleigh; Software; $150,000 (Seed)

Investors: Aurora Funds

35. International IT Services, Raleigh; IT services; NA (1st)

Investors: WellFound Technology