RESEARCH TRIANGLE PARK … Six deals worth more than $63 million in North Carolina gave the region a big boost in venture fundraising for the year.
Carolinas and Georgia firms have raised more than $445 million. But that’s far less than this time a year ago when more than $716 million was raised.
Here is LTW’s exclusive list, ranked according to the size of the deal, for the Carolinas and Georgia:
Company; Sector; Amount (Round)
1. NewSouth Communications, Greenville, S.C.; Telecommunications; $63.5 million (NA)
Investors: Kohlberg Kravis Roberts, M/C Ventures, Quadrangle Group, Vaxa Corporate Partners and Wachovia Partners
2. Biolex, Pittsboro, Pharmaceutical, $24.4 million
Investors: Quaker Bioventures, Intersouth, Johnson & Johnson Development Corp., Misui & Co., Dow Chemical, Dogwood Equity, Trelys Venture Partners, Wakefield Group, Kitty Hawk Capital, Franklin Street Partners, Tall Oaks Capital, Academy Centennial Fund.
3. TransTech Pharma, High Point, N.C.; Pharmaceutical; $24 million (2nd)
Investors: MacAndrews & Forbes (lead), Cephaton and Novo Nordisk A/S
4. FlexLight, Atlanta; networking; $17 million
Investors: St. Paul Venture Capital, Accel Partners, Applied Materials Ventures, Concord Ventures, Coral Ventures.
5. Prenova, Marietta, Ga.; IT services; $15.5 million (3rd)
Investors Frontenac (lead) Austin Ventures and River Cities Capital Funds
6 LipoScience, Raleigh, Life Science, $15 million (Series E)
Investors: Three Arch Partners, US Bancorp Piper Jaffray, GE Capital Equity Investments, INVESCO Private Capital, A.M. Pappas..
7. Targacept, Winston-Salem, N.C.; 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
8. STI Knowledge, Atlanta; Software; $14 million (1st)
Investors: Satish Sanan (individual lead) BV-Cornerstone Ventures and Mellon Ventures
9. Ziptronix, Morrisville, N.C.; Hardware; $13.9 million (2nd)
Investors: Grotech Capital Group (co-lead), Intersouth Partners (co-lead), iSherpa Capital and MCNC Enterprise Fund
10. iVivity, Atlanta; Software; $13 million (3rd)
Investors: 1st Logic, HIG Capital, Commonwealth Capital Ventures, Kinetic Ventures, Cordova Ventures, Bergman & Associates.
11. TranS1, Wilmington, N.C.; Medical devices; $12 million (2nd)
Investors: Advanced Technology Ventures (lead), Cutlass Capital, Delphi Ventures and Sapient Capital
12. Nitronex, Raleigh; chips; $11.3 million
Investors: Alliance Technology Ventures, TPG Ventures and VantagePoint Venture Partners
13. 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
14. Arsenal Digital Solutions, Cary, N.C.; IT services; $10.5 million (4th)
Investors: Covestco, Southeast Interactive Technology Funds and Southern Cross Capital
15. Ephinay, Charlotte; Services; $10 million (1st)
Investors: Chrys Capital
15. 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
15. Procuri, Atlanta; Software; $10 million (3rd)
Investors: Insight Venture Partners
18. CipherOptics, Raleigh; IT services; $9.6 million (2nd)
Investors: Kodiak Venture Partners (lead), Axiom Venture Partners, New Tampa Technologies and Origin Partners
19. BioStratum, RTP, $9.5 million
Investors: Healthcap, BankInvvest, Li Ftaeknisjodurinn hf, Equity Resource
20.AppForge, Atlanta; wireless applications; $8.3 million
Investors: Grosevenor Fund, Council Centers, The Warren Group, Tim Draper of Draper Fisher Jurvetson, Sinclair Ventures, Draper Atlantic and C&B Capital.
21. Optical Experts Manufacturing, Charlotte; Media; $8 million (1st)
Investors: Ballast Point Ventures, Frontier Capital and Harbinger Mezzanine
22. EGT, Atlanta; Digital Video; $7.4 million (2nd)
Investors: Sevin Rosen Funds, Noro-Moseley Partners, HIG Ventures, Gray Ventures, Yamacraw Seed Capital Fund, angels.
23. Venetica, Charlotte; Software; $7 million (1st)
Investors: Charles River Ventures and General Catalyst Partners
23. APEX Analytix, Greensboro; Software; $7 million (1st)
Investors: Wakefield, Noro-Moseley.
25. Brickstream, Atlanta; Software; $6.2 million (1st)
Investors: Columbia Capital and Mohr Davidow Ventures
26. Trusted Network Technologies, Alpharetta, Ga.; IT services; $6 million (1st)
Investors: Charles River Ventures and Flagship Ventures
27. Engenious Software, Cary, Software, $5.8 million (4th)
Investors: QuestMark Partners , GE Investments, Noro-Moseley Partners, Idanta Partners
28. Lancope, Alpharetta, Ga.; IT Services; $5 million (2nd)
Investors: HIG Ventures and GMG Capital Partners
28. Oculan, Raleigh; Networking; $5 million (4th)
Investors: Soros Equity Partners
29. VisionAIR, Castle Hayne, N.C.; Software; $5 million (NA)
Investors: Banc of America Capital Investors (lead), Covestco, GE Capital and Southeast Interactive Technology Funds
31. MediaSpan Group, Durham; IT services/software; $4.5 million (1st)
Investors: Covesco-Seteura, Rustic Canyon Group and Southeast Interactive Technology Funds
32. HAHT Commerce, Raleigh; Software; $4.1 million (3rd)
Investors: Banc of America Capital Investors, Canaan Partners, CIBC Capital Partners and Granite Ventures
33. Metabolon, Raleigh, Life Science, $4 million (1st)
Investors: Aurora Funds, Trelys Ventures, Alexandria Real Estate Equities, plus individuals.
33. Kyma Technologies, Research Triangle Park; Hardware; $4 million (2nd)
Investors: Digital Power Capital and Siemens Venture Capital
35. Parion, Life Science, Durham, $3.5 million
Investors: Albany Molecular Research, Inspire Pharmaceuticals, others.
36. Q1 Labs, Atlanta; Software; $3.3 million (1st)
Investors: Business Development Bank of Canada and New Brunswick Investment Management
37. Flexlight, Atlanta; Networking; $3 million (2nd)
Investors: Coral Ventures and Concord Ventures
37. 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
39. CoreCard Software, Norcross, Ga.; Software; $2.5 million (NA)
Investors: Intelligent Systems
39. XActional, Durham; Software; $2.5 million (1st)
Investors: Aurora Funds (lead), Intersouth Partners and NextPoint Partners
39. Investics, Atlanta, Software, $2.5 million
Investors: HIG Ventures, Intersouth, Imlay Investments, Atlanta Technology Partners.
42. KnowledgeStorm, Atlanta; Internet services; $2.4 million.
Investors: Apex Venture Partners, Imlay Investments, Live Oak Equity Partners, Sterling Venture Partners, Total Technology Partners.
43. Qcept Technologies, Atlanta; Hardware; $2.1 million (NA)
Investors: Pittco Capital Partners (lead), Atlanta Technology Ventures and Bergman & Associates
44. Relativity Technologies, Cary, N.C.; Software; $2 million (4th)
Investors: Noro-Moseley Partners and Wakefield Group
44. AvidXchange, Charlotte; Software; $2 million (2nd)
Investors: Charlotte Angel Partners, Piedmont Angel Network and and individuals
44. Auctionworks, Atlanta; Software; $2 million (2nd)
Investors: Undisclosed
44. NuTech Solutions, Charlotte; Software; $2 million (3rd)
Investors: Individuals
44. Encelle, Raleigh; Biotech; $2 million (4th)
Investors: Intersouth Partners and North Carolina Enterprise Fund
44. Bright View Technologies, Chapel Hill, N.C.; Media; $2 million (1st)
Investors: Tri-State Investment Group (lead), Charleston Angel Partners, Charlotte Angel Partners and Piedmont Angel Network
50. ChemCodes, Durham; Biotech; $1.8 million (3rd)
Investors: Intersouth Partners
51. RSS Solutions, Greenville, N.C.; Software; $1.6 million (1st)
Investors: EdgeStone Capital Partners
52. LiveWire Logic, Morrisville, N.C.; Software; $1.5 million (3rd)
Investors: Gray Ventures and Research Triangle Ventures
52. Trinity Security, Charlotte; IT services; $1.5 million (1st)
Investors: Venture Capital Solutions
54. Synthematix, Durham; Software; $1.25 million (2nd)
Investors: Catalysta Partners and individuals
55. InsLogic Holding, Columbia, S.C.; IT services; $1.1 million (7th)
Investors: Warburg Pincus
56. ISIC, Cary, N.C.; Hardware; $1 million (Seed)
Investors: Academy Funds and MCNC Seed Fund
56. Unitrends Software, Myrtle Beach, S.C.; Software; $1 million (1st)
Investors: Trelys Ventures
56. Tranzyme, Research Triangle Park, N.C.; Biotech; $1 million (2nd)
Investors: Shin Nippon Biomedical Laboratories
59. AfterBOT, Norcross, Ga.; Software; $835,000 (2nd)
Investors: River Cities Capital Funds
60. iReadyWorld, Charlotte; IT services; $650,000 (4th)
Investors: Total Technology Ventures
61. SAK Logistics, Atlanta; Software; $500,000 (1st)
Investors: Individuals
62. Metabolon Pharmaceuticals, Research Triangle Park, N.C.; Biotech; $300,000 (Seed)
Investors: Aurora Funds
63. Noverant, Raleigh; Software; $266,000 (Seed)
Investors: Research Triangle Ventures and individuals
64. Coventor, Cary, N.C.; Hardware; $250,000 (NA)
Investors: Undisclosed
65. StrikeIron, Raleigh; Software; $150,000 (Seed)
Investors: Aurora Funds
66. RYLA Teleservices, Woodstock, Ga.; IT services; $100,000 (2nd)
Investors: Sustainable Jobs Fund
67. VT Silicon, Atlanta; Hardware; NA (Seed)
Investors: ITU Ventures
68. International IT Services, Raleigh; IT services; NA (1st)
Investors: WellFound Technology
69. Navigational Sciences, Charleston, S.C.; IT services; NA (1st)
Investors: Individuals
