A big deal worth $15 million pushed Georgia over the $150 million mark for venture capital in 2003.

Some 25 deals worth $150 million have been closed for the year. The average of less than $6 million per deal is 40 percent less than deals closed a year ago.

Wave7 Optics closed on $15 million in early September. It’s the third largest deal in Georgia this year.

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

Company; Sector; Amount (Round):

1. FlexLight, Atlanta; networking; $17 million

Investors: St. Paul Venture Capital, Accel Partners, Applied Materials Ventures, Concord Ventures, Coral Ventures.

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

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

3. Wave7 Optics, Atlanta; Communications; $15 million (3rd)
Investors:
Oak Investment Partners, Advanced Technology Partners, Armada Venture Partners, Lucent Venture Partners, Mellon Ventures, Morgenthaler Ventures.

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

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

5. iVivity, Atlanta, Software; $13 million

Investors: LSI Logic, HIG Capital, Commonwealth Capital Ventures, Kinetic Ventures, Cordova Ventures, Bergman & Associates.

6. 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

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

Investors: Insight Venture Partners

8.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.

9. 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.

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

Investors: Columbia Capital and Mohr Davidow Ventures

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

Investors: Charles River Ventures and Flagship Ventures

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

Investors: HIG Ventures and GMG Capital Partners

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

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

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

Investors: Coral Ventures and Concord Ventures

14. 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

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

Investors: Intelligent Systems

16. Invistiks, Atlanta, Software, $2.5 million.
Investors:
HIG Ventures, Intersouth, Imlay Investments, Atlanta technology Partners.

18. KnowledgeStorm, Atlanta; Internet services; $2.4 million.

Investors: Apex Venture Partners, Imlay Investments, Live Oak Equity Partners, Sterling Venture Partners, Total Technology Partners.

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

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

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

Investors: Undisclosed

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

Investors: River Cities Capital Funds

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

Investors: Individuals

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

Investors: Sustainable Jobs Fund

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

Investors: ITU Ventures

25. Reflex Security Systems, Atlanta, IT security, amount not disclosed.
Investors:
Not disclosed.