2016 has come and gone, but numbers—specifically those showing venture capital deal flow and investment amounts—are still trickling in.

TBD as to whether final figures will depict a year similar to 2015’s blockbuster fundings or something more akin to NC’s mediocre showing from 2011-2014. But if the most recent data from the National Venture Capital Association is an indicator, it looks like 2016 may fall somewhere in between.

VC Activity by Year in NC; Image and data provided by NVCA and Pitchbook; *Data current as of 12/5/16

In the meantime, with the help of the Council for Entrepreneurial Development (CED) we’ve gathered a list of NC’s top 10 overall raises (tech and life science combined), top five tech raises and top five exits in 2016. Notable from the list is a tech company leading the pack for total funding. But only one other tech company cracks the life science dominated top 10 list.

Eight of the top 10 companies are located in the Triangle, while the remaining two hail from western North Carolina. All five top exits happened in the Triangle as well.

CED Vice President Miriam Wilson explains the year like this: “Overall 2016 has been a solid continuation of funding and exit activity for North Carolina entrepreneurial companies. While we didn’t see blockbuster equity deals, the volume of activity has been consistent between 2015 and 2016, and we may even see more deals completed this year.”

Read on to see who cracked the top 10 list and stay tuned for more on how 2016 stacks up against previous years.

Top Ten Raises

1. Phononic

Location: Durham

2016: $71 million Series E in Q3/Q4

Total: $158.9 million

Investors: UBS Wealth Management (lead), eight others including local groups, Rex Health Ventures, Lookout Capital and UNC Rex Healthcare

Story: 2016’s largest raise comes from the eight-year-old company revolutionizing the heating and cooling industry through energy efficiency. Phononic’s technology can be used in all heating and cooling devices, from refrigerators to server coolers. Techcrunch reported that the raise will help expand manufacturing and marketing, as well as the job count in Durham.

2. Bamboo Therapeutics

Location: Chapel Hill

2016: $49.5 million Series A in Q1, acquired in Q3

Total: $49.5 million

Investors: Six undisclosed investors

Story: 2016 was a good year for Bamboo Therapeutics. In January, this UNC-Chapel Hill spinout developing gene therapy-based drugs to combat rare central nervous and neuromuscular diseases acquired a viral gene manufacturing facility (Vector Core facility) from UNC. Then in February it raised $49.5 million and was later acquired by Pfizer in August for $645 million.

3. Arrivo BioVentures

Location: Morrisville

2016: $49 million Series A in Q2

Total: $49 million

Investors: Jazz Pharmaceuticals, Solas BioVentures and local Rex Health Ventures

Story: Unlike the other pharma companies who make this list, Arrivo doesn’t develop its own drugs, but instead acquires other drugmakers and guides them through the drug development, clinical trial and approval process. This funding may help Arrivo acquire its first products.

4. G1 Therapeutics

Location: RTP

2016: $47 million Series C in Q2

Total: $92.5 million

Investors: Cormorant Asset Management (lead), and 11 others including local Hatteras Venture Partners

Story: With a focus on developing and testing cancer-fighting drugs, G1 Therapeutics is using its fresh $47 million to expand drug development and clinical trials to test the effectiveness of its drugs that treat multiple types of cancer. If successful, these drugs could drastically improve the patient’s’ treatment outcomes.

5. Metabolon

Location: Morrisville

2016: $30 million

Total: $95.4 million

Investors: Essex Woodlands Health Ventures (lead)

Story: Metabalon has created a proprietary platform that scientists and researchers can use to better understand the diseases and how to treat them. This technology can provide a snapshot of how genes and lifestyle as well as environment impact a person’s health. The funding raised in 2016 went to commercialize its precision medicine products and buyout and retire shares held by previous investors.

6. Avadim Technologies

Location: Asheville

2016: $29.2 million

Investors: Undisclosed and private share offerings

Story: Avadim specializes in developing drugs designed to combat diseases and infections at their earliest manifestation through products applied directly to a person’s skin. Its line of products are designed for a wide variety of users, from wrestling coaches (to prevent infections) to soldiers (to help keep soldiers clean and sanitary while in the field). Avadim filed 34 separate form D’s throughout 2016 totaling $29.2 million And in September, the company received a $4.9 million Job Development Investment Grant (JDIG) from the state to help break ground on a new 100,000 foot facility in Buncombe County. Some rumors posit the company is planning for a 2017 IPO.

7. Micell Technology

Location: Durham

2016: $25.7 million in Q4

Total: $47.3 million

Investors: Sale of preferred return notes to 51 individuals

Story: Micell specializes in the development of biomedical devices that use a proprietary method to deliver drugs via blood vessels to a person’s body. This company is in the process of building and testing applications using the technology, like a coronary stent system, for example.

8. Gaia Herbs

Location: Brevard

2016: $20.86 million in Q1

Total: $22.6 million

Investors: 10 undisclosed investors

Story: Gaia is a non-traditional biotech company that owns and operates every bit of its herbal medicinal business, from growing and harvesting to manufacturing and selling the products. Gaia raised its first (and largest) round in six years in February 2016. Gaia Herbs immediately put the funding to use, dedicating $5 million to expand its production facilities and operations in its hometown of Brevard.

9. Pendo

Location: Raleigh

2016: $20 million Series B in Q4

Total: $33.25 million

Investors: Spark Capital, Bullpen Capital, Core Capital Partners, Idea Fund Partners, Salesforce Ventures, Contour Venture Partners

Story: With a large Series A raised just over a year earlier, an even larger Series B surprised many in the Triangle startup community and landed Pendo—the creator of a user-friendly product analytics software—in the top five tech raises of 2016.

10. Envisia Therapeutics

Location: Morrisville

2016: $16.5 million Series A in Q1

Total: $46.1 million

Investors: Existing investors including local Pappas Ventures and Wakefield Group;

Story: Since spinning out of another Morrisville-based biotech company in 2013, Envisia has already raised $46 million to help create new treatments for diseases affecting a person’s vision or eyes.

Top Five Tech Raises

1. Phononic

2016: $71 million Series E

Total: $158.9 million

One of two tech companies to make the top ten list of raises in 2016. See above for more information.

2. Pendo

2016: $20 million Series B in Q4

Total: $33.25 million

Story: The second of the tech companies that made the top 10 list naturally appears on the top tech raises list of 2016. See above for more information.

3. PrecisionHawk

Location: Raleigh

2016: $18 million Series C in Q2

Total: $29 million

Investors: Verizon Ventures, Yamaha Motor Ventures, Bob Young, USAA, Intel Capital, NTT DOMOCO

Story: The part drone-creator part data-science company raised its third round in the first half of 2016. PrecisionHawk has expanded from a strict agriculture focus to other sectors like insurance and energy and plans to expand to other industries soon too.

4. nCino

Location: Wilmington

2016: $15.67 million in Q2

Total: $64.67 million

Story: The cloud-based bank operating system company, nCino, had a good year of disrupting the banking industry. After a $15.67 million raise in Q2, it ranked 220th on Inc.’s top 500 list and landed SunTrust Bank as a customer.

5. SportsMEDIA Technology

Location: Durham

2016: $13.85 million in Q4

Total: $26.35 million

Story: SportsMEDIA raised money for the first time in six years in order to acquire a competitor, Sportvision. It’s not the first acquisition either. In 2012, SportsMEDIA acquired Information and Display Systems (IDS), another competitor. The company is now the dominant supplier of real-time, on-screen graphics, tickers, and other digital technologies to the sports broadcasting industry.

Top Five Exits

According to CED, there were 39 acquisitions in 2016, but only 10 companies have publicly disclosed their acquisition prices. This list is based off of those deals.

1. Sensus

Location: Raleigh

Acquisition amount: $1.7 billion in Q3

Purchaser: Xylem

Story: This IoT company uses smart sensors to gather and make sense of utility data. It sold for a cool $1.7 billion to Xylem, a wastewater and water treatment corporation.

2. Biologics, Inc.

Location: Cary

Acquisition amount: up to $1.2 billion in Q1 (McKesson bought 2 companies – Biologics and Vantage Oncology, together for $1.2 billion but the individual purchase prices were not disclosed)

Purchaser: McKesson

Story: The company focused on integrating and aligning care for cancer patients previously raised $29.82 million before it was acquired by McKesson, a healthcare company that delivers pharmaceuticals, healthcare services, supplies and equipment to healthcare organizations.

3. Bamboo Therapeutics

Location: Chapel Hill

Acquisition amount: $645 million ($150 million upfront with a possible $495 million more for a total $645 million)

Purchaser: Pfizer

Story:  Bamboo Therapeutics is the only company to appear on both the top 10 raises and top five exits lists. After its Series A raise in February, Pfizer acquired the company in August for what could total $645 million when milestone payments are made to owners and investors. As part of the deal, Prizer also acquired the Vector Core Facility that Bamboo acquired from UNC in January, and Bamboo’s roughly 40 employees.

4. Patheon

Location: Raleigh

IPO: $640 million IPO in Q3

Story: This end-to-end supply chain solution for pharmaceutical companies went public in July. Share prices opened at $29 per share and prices have stayed relatively constant since.

5. ESP/SurgeX

Location: Knightdale

Acquisition amount: $130 million in Q1

Purchaser: Ametek

Story: The electronic power protection device manufacturing company was acquired by Ametek, a Pennsylvania based electronic device manufacturer in February.

**Editor’s Note: PowerSecure, SciQuest, and TowerCo all technically had “exits” and would rank above ESP, but given their history as public companies, and in TowerCo’s case, the acquisition of a “portfolio” of towers, CED left them off the top five list and so are we.