A Closer Look at the Southeast Q1 2017 Private Placement Market

Q1 2017: Private Placement Issuers Raise $800MM+ in GA, NC, and SC

Q1 2017 saw a total of 105 successfully closed private placement capital raises, totaling just over $817MM, across North Carolina, South Carolina, and Georgia. Across all three states, the Information Technology sector led the way with 35 capital raises, totaling $337.19MM, in Q1 2017.

Q1 2017 Capital Raises by Sector: NC, SC, GA

Source: S&P Capital IQ

Q1 Private Placement Statistics* – NC, SC, GA

Total # of Closed Capital Raises 105 Total Capital Raise Volume $817.79 MM
# of GA Transactions 46 Average Raise $9.09 MM
# of NC Transactions 46 Median Raise $2.37 MM
# of SC Transactions 13

*for deals with disclosed terms

Q1 Private Placement Transactions

Close Date Issuer Amount ($MM) Location Selected Investors Issuer Business Description
03/31/2017 North Carolina Title Center, LLC 0.15 Statesville, NC Undisclosed Provides various products and services to streamline title insurance and the closing process.
03/31/2017 RumbleON, Inc. (OTCPK:RMBL) 2.48 Charlotte, NC Undisclosed Provides an e-commerce platform that facilitates consumers and dealers to buy, sell, trade, and finance pre-owned recreation vehicles.
03/30/2017 Decisely Insurance Services, Inc. 60.00 Alpharetta, GA Two Sigma Investments, LP; Edgewood Partners Insurance Center, Inc. Offers HR resources, benefits, and technology to support small businesses through its online platform.
03/29/2017 The Dog Wizard Academy, LLC Undisclosed Charlotte, NC Franchise Funding Group Offers dog training certification services.
03/29/2017 Map My Customers, Inc. 2.75 Cary, NC Undisclosed Develops routing and sales automation tools for sales and marketing executives.
03/29/2017 South Atlantic Bancshares, Inc. (OTCPK:SABK) 20.00 Myrtle Beach, SC Undisclosed Operates as the bank holding company for South Atlantic Bank that provides various banking products and services to individuals and businesses.
03/28/2017 CommuniGift Inc. Undisclosed Chapel Hill, NC Undisclosed Develops an online platform that allows donors to purchase real products right from their computer.
03/28/2017 Exchange 2 LLC 1.05 Chapel Hill, NC Undisclosed Operates in residential real estate.
03/28/2017 Benson Hill Biosystems, Inc. 25.00 Research Triangle Park, NC Prolog Ventures; Mercury Fund; Fall Line Capital; Cultivation Capital; Alexandria Venture Investments; Middleland Capital; Missouri Technology Corporation, Investment Arm; iSelect Fund Management, LLC; Prelude Ventures, LLC; S2G Ventures; Lewis & Clark Venture Capital, LLC; Technology Acceleration Partners, Investment Arm Benson Hill Biosystems, Inc., an agricultural biotechnology company, engages in the discovery and development of biotech-based traits to increase intrinsic yield. Its technology is applied in crops, such as rice, corn, and soybeans.
03/24/2017 Mailprotector Undisclosed Greenville, SC Lighter Capital, Inc. Provides cloud-based email security, management, and hosting services to businesses, governments, and non-profits worldwide.
03/23/2017 Able Device, Inc. 3.00 Raleigh, NC Undisclosed Provides SIMbae licensed software and tools to enable purpose-built machines. It serves developers and service providers.
03/21/2017 International Agriculture Group, LLC 1.50 Mooresville, NC Undisclosed Produces tropical ingredients for the natural products and food and beverage markets.
03/21/2017 Virtual Connect Technologies, Inc. Undisclosed Greer, SC Lighter Capital, Inc. Engages in the development of hosted applications for eliminating spam and viruses in the United States, the Czech Republic, and Europe. It offers mail filtering services, including automated email virus protection, exchange spam filter, and hosted exchange solutions; and extranet design and development services.
03/20/2017 Gro Solutions, Inc. 4.25 Johns Creek, GA TTV Capital; C&B Capital, L.P.; BIP Capital; BLH Venture Partners, LLC Develops and provides digital growth solutions for banks and credit unions.
03/20/2017 Bivarus, Inc. 4.00 Durham, NC Boston Millennia Partners; Hatteras Venture Partners; Excelerate Health Ventures; NueCura Partners, LLC Develops a cloud-based analytics platform for measuring continuous quality improvement (CQI) and the patient experience to hospital-based outpatient service lines, community-based clinics, and group practices through patient-centered insights.
03/17/2017 Valeris Medical LLC 3.08 Marietta, GA Undisclosed Manufactures orthopedic implants and delivery systems.
03/16/2017 LEVVEL LLC 3.00 Charlotte, NC Undisclosed IT consulting company that provides strategic advisory and technical implementation services.
03/15/2017 Sharecare, Inc. Undisclosed Atlanta, GA Hawaii Medical Service Association Provides an online health and wellness engagement platform that gives consumers a personal results-oriented experience by connecting them to health resources and programs.
03/15/2017 JMM Partners, Inc. 1.26 Charleston, SC Undisclosed Operates in the technology sector.
03/09/2017 M2MD Technologies, Inc. 2.00 Atlanta, GA Undisclosed Designs and develops security and connectivity solutions for cellular Internet of Things industry.
03/09/2017 Innovolt, Inc. 2.50 Atlanta, GA Undisclosed Provides power protection and asset management software for businesses and consumers.
03/06/2017 Gateway Ambulatory Surgery Center, LLC 1.59 Concord, NC Undisclosed Operates an outpatient surgical facility.
03/06/2017 Scroll, LLC 0.13 Raleigh, NC Undisclosed Marketing automation.
03/03/2017 West Town Bancorp, Inc. (OTCPK:WTWB) 0.50 Raleigh, NC Undisclosed Provides personal and business banking services.
03/03/2017 Fluree, PBC 0.04 Winston-Salem, NC Undisclosed Operates in the technology sector.
03/03/2017 General Information Services, Inc. Undisclosed Chapin, SC General Atlantic LLC Provides background screening services to various industries.
03/02/2017 Urjanet Inc. 20.00 Atlanta, GA Oak HC/FT Partners LLC Provides big energy data-as-a-service solutions for automation of data collection and distribution to large organizations to make decisions.
03/02/2017 SalesLoft, LLC 15.53 Atlanta, GA Emergence Capital Partners; Spinnaker Investment Group, LLC Develops sales information automation software.
03/02/2017 Boragen Inc. 10.00 Research Triangle Park, NC Arch Venture Partners, L.P.; Flagship Pioneering; Bayer Aktiengesellschaft (DB:BAYN); Elanco Animal Health, Inc.; Hatteras Venture Partners; Bill & Melinda Gates Foundation Asset Trust; Syngenta Ventures; Mountain Group Capital, LLC; Alexandria Venture Investments; Pappas Capital, LLC; AgTech Accelerator Fungicide manufacturer.
03/02/2017 TUSK Brokerage, LLC 0.33 Charlotte, NC Undisclosed Owns and operates digital marketplace for dental practice brokerage.
03/01/2017 Eco-Site, Inc. 50.00 Durham, NC Undisclosed Develops wireless communications sites and wireless infrastructure systems.
03/01/2017 Memento Mori, LLC 0.70 Durham, NC Undisclosed Operates a network of hospitality properties in North Carolina.
02/28/2017 Deutsche Beverage Technology Undisclosed Charlotte, NC Source Capital, LLC Designs and manufactures brewing systems, kegs, distillery systems, cidery, and winery equipment.
02/28/2017 Global Lyme Diagnostics, LLC 0.60 Research Triangle Park, NC Undisclosed Operates in the biotechnology industry.
02/27/2017 Internap Corporation (NasdaqGS:INAP) 43.08 Atlanta, GA GAMCO Investors, Inc. (NYSE:GBL); UBS O’Connor LLC; Park West Asset Management LLC; Avenir Corporation; Gabelli Equity Series Funds, Inc. – The Gabelli Small Cap Growth Fund (MutualFund:GABS.X) Operates as a technology provider of Internet infrastructure services. It operates through two business segments: Data Center and Network Services, and Cloud and Hosting Services.
02/27/2017 EmployUs Inc. 0.23 Raleigh, NC Undisclosed Develops a mobile-first hiring application that provides users with cash rewards for connecting companies with successful job applicants.
02/24/2017 TrackX Technology, LLC 4.61 Durham, NC Undisclosed Operates in the healthcare industry focusing on biotechnology business.
02/23/2017 Storj Labs, Inc. 3.00 Atlanta, GA QUALCOMM Ventures; TechStars, LLC; GV Operates a cloud storage platform for developers, businesses, and consumers.
02/23/2017 Pindrop Security, Inc. Undisclosed Atlanta, GA Undisclosed Provides enterprise solutions to secure phone and voice communications. The company develops Phoneprinting, a patented technology that analyzes phone calls to identify malicious behavior and verify legitimate callers.
02/22/2017 Voxel Innovations, Inc. 0.58 Raleigh, NC Undisclosed Manufactures metal components for aerospace and energy industries.
02/17/2017 Predikto, Inc. 4.00 Atlanta, GA TechOperators LLC; Fidelis Capital Offers monitoring and analytic cloud services to predict asset failures and improve their performance.
02/16/2017 Avadim Technologies, Inc. 0.68 Asheville, NC Undisclosed Manufactures skin hygiene products to healthcare providers.
02/15/2017 Istari Oncology, Inc. 4.00 Research Triangle Park, NC Undisclosed Operates in the healthcare industry.
02/14/2017 SmartUp Inc. 5.50 Atlanta, GA Hong Leong Financial Group Berhad (KLSE:HLFG); Notion Capital Partners LLP Operates a coaching platform/learning automation and a platform/learning application that allows teachers, tutors, lecturers, or educators to help users live smarter. It also offers coaching subscription services.
02/14/2017 Medovex Corporation (NasdaqCM:MDVX) 2.31 Atlanta, GA Undisclosed Focuses on developing medical devices primarily in the United States and Europe.
02/14/2017 Havix Group LLC 0.50 Hoschton, GA Undisclosed Operates in the healthcare industry and focuses on pharmaceutical business.
02/14/2017 Samanage Ltd. 20.00 Cary, NC Gemini Israel Funds; Carmel Ventures; Vintage Investment Partners; Marker LLC; Salesforce Ventures Designs and develops cloud-based, integrated service desk, and IT asset management software.
02/13/2017 MemberClicks, Inc. Undisclosed Atlanta, GA Five Elms Capital; Level Equity Management, LLC Develops membership management software for small staff associations, AMCs, and non-profit organizations in North America and Europe.
02/13/2017 Guided Therapeutics, Inc. (OTCBB:GTHP) 0.16 Norcross, GA Auctus Private Equity Management, Inc. A medical technology company that focuses on developing medical devices. The company focuses on marketing LuViva, a non-invasive cervical cancer detection device that identifies cervical cancers and precancers painlessly, non-invasively, and at the point-of-care by scanning the cervix with light, then analyzing the light reflected and fluorescent light.
02/09/2017 Huddle, Inc. 11.00 Alpharetta, GA BIP Capital Provides local marketing services for brands to reach their audience. It enables brands by providing event admission tickets to high schools throughout the academic year.
02/09/2017 ATOM Power, Inc. Undisclosed Charlotte, NC Siemens Corporation; next47 GmbH Manufactures circuit breakers and connected smart panels.
02/08/2017 American Wholesale Insurance Holding Company, LLC 6.94 Charlotte, NC Undisclosed Operates in the financial industry focusing on insurance businesses.
02/08/2017 Terressentia Corporation 25.50 North Charleston, SC Delaware Street Capital, L.L.C. Engages in distillation of spirits, such as vodka, rum, and whisky for retailers, brand owners, resorts, hotels, restaurants, bars, casinos, groceries, and liquor stores.
02/07/2017 Koolbridge Solar, Inc. 0.88 Wrightsville Beach, NC Undisclosed Designs, develops, and sells electrical products that allow solar energy to be integrated into homes.
02/06/2017 ScufGaming, LLC Undisclosed Norcross, GA H.I.G. Growth Partners, LLC Manufactures and markets video game controllers for gamers. It offers accessories, such as paddle kits, eyewear, grips, protection cases, cables, gift cards, and other products.
02/04/2017 Micro C, LLC 0.70 Savannah, GA Undisclosed Manufactures a hand-held x-ray and digital camera that is ergonomically designed for surgeons and physicians treating disorders of the extremity.
02/02/2017 FM:Systems, Inc. Undisclosed Raleigh, NC Accel-KKR LLC Develops integrated workplace management systems.
02/02/2017 MapAnything, Inc. 33.10 Charlotte, NC Columbus Nova; Greycroft Partners LLC; Harbert Venture Partners, LLC; Salesforce Ventures; ServiceNow Ventures Develops and operates a SaaS based mapping, geo-analytics, and location intelligence platform for Salesforce users.
02/02/2017 Green Cloud Technologies, LLC 3.00 Greenville, SC Undisclosed Provides data center, backup, and restoration services to small and large businesses.
02/01/2017 Ameris Bancorp (NasdaqGS:ABCB) 5.84 Moultrie, GA Undisclosed Provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company operates through four segments: Banking Division, Retail Mortgage Division, Warehouse Lending Division, and SBA Division.
02/01/2017 Shiplify, LLC 1.41 Atlanta, GA Undisclosed Provides Tariffizer, a product that automatically identifies shipments going places that require accessorial charges, such as private residences, schools, nursing homes, self-storage warehouses, and other locations.
02/01/2017 GoldenKey, Inc. 1.75 Durham, NC NFX Guild; Lowe’s Ventures, investment Arm Develops and operates a community platform that connects home buyers and sellers with a nationwide community of real estate agents. The company operates an interactive online marketplace for home buyers and connects them with real estate professionals to search for homes and get rebate on their home purchase.
02/01/2017 Cypress Creek Club I, LLC 1.31 Bluffton, SC Undisclosed Operates in commercial real estate.
01/30/2017 Tethis, Inc. 1.09 Raleigh, NC Undisclosed Develops dirty water filtration technology for use in fracking.
01/27/2017 SignalPath, LLC 5.00 Durham, NC Undisclosed Develops cloud-based software for the clinical research.
01/26/2017 Price Tract, LLC 3.17 Eatonton, GA Undisclosed Operates in commercial real estate.
01/25/2017 Legend Oil and Gas, Ltd. (OTCPK:LOGL) 0.70 Alpharetta, GA Hillair Capital Management LLC Operates as a crude oil hauling and trucking company. It performs hauling services for institutional drilling and exploration companies, as well as crude oil marketers in the Bakken, North Dakota, Colorado, and Texas.
01/25/2017 Crank Media Intelligence, LLC 0.15 Atlanta, GA Undisclosed Operates in the technology sector.
01/25/2017 MycoCann, Inc. 0.02 Pelham, GA Canopy San Diego Operates as a biotechnology company. The company develops microbes that double or triple essential oil production.
01/24/2017 Braselton Crossing Hospitality Inc 1.30 Alpharetta, GA Undisclosed Operates in the hospitality industry.
01/24/2017 Amblyotech, LLC 0.20 Atlanta, GA Undisclosed Develops and commercializes electronic media therapies for the treatment of amblyopia and other ocular diseases and conditions in adults and children in the United States and internationally. The company develops an electronic media application that optimizes visual acuity using eyes and prevents reverse amblyopia.
01/24/2017 WellTrackONE, LLC 0.08 Hilton Head Island, SC Undisclosed Provides wellness programs to healthcare providers and organizations in the United States.
01/23/2017 Crockett Investors, LLC 2.10 Rome, GA Undisclosed Operates in the real estate industry.
01/23/2017 Medris LLC 0.12 Daniel Island, SC Undisclosed Operates in the technology industry.
01/20/2017 ISS Research, LLC Undisclosed Charlotte, NC CAVU Venture Partners Produces nutritional shakes, nutritional bars, and protein powder.
01/20/2017 SouthStar Capital, LLC 3.07 Mount Pleasant, SC Undisclosed Provides business financial solutions to small and medium size businesses. Its services include accounts receivable financing, equipment leasing, asset based lending, and purchase order financing.
01/19/2017 mLevel, Inc. 1.50 Atlanta, GA SLALOM, LLC; BIP Capital Develops a cloud-based microlearning platform for corporate learning.
01/19/2017 Bates Investments, LLC 2.68 Atlanta, GA Undisclosed Operates in commercial real estate.
01/19/2017 Shurling Investments, LLC 4.10 Atlanta, GA Undisclosed Operates in commercial real estate.
01/19/2017 Heartland Materials, LLC 5.20 Marietta, GA Undisclosed Operates in commercial real estate.
01/19/2017 The Dilweg Companies, LLC 12.50 Durham, NC Undisclosed Commercial real estate investment and management company that engages in the acquisition, development, and operation of office, retail warehouse/flex, multifamily, and self-storage properties.
01/18/2017 Muskogee Partners, LLC 2.43 Gray, GA Undisclosed Operates in commercial real estate.
01/18/2017 Akoustis Technologies, Inc. (NasdaqCM:AKTS) 9.96 Huntersville, NC Undisclosed Operates in the telecommunications and fiber optics sector.
01/17/2017 Hull Inc. 2.60 Atlanta, GA Alven Capital Partners; Newfund Management S.A.; Kima Ventures; Point Nine Capital Develops a SaaS-based marketing solution to engage and profile customers for brands.
01/16/2017 Hartwick Health, LLC 14.75 Greensboro, NC Undisclosed Business consulting company that provides online reputation management services for healthcare professionals to improve their search results online.
01/13/2017 Sequr .Inc 1.75 Atlanta, GA Knoll Ventures Inc.; Tech Square Ventures; Ellis Capital Provides mobile access control management software. It offers Sequr, a product that turns mobile devices into keycards, enables users to use their phones to open office doors, and provides employee access to the office with virtual keys on their smartphone.
01/13/2017 Femasys Inc. 4.00 Suwanee, GA Undisclosed Researches, develops, and manufactures medical devices for the women’s healthcare market in the United States.
01/13/2017 BLA Technology, LLC 0.33 Atlanta, GA Undisclosed Operates in the healthcare industry.
01/12/2017 Card for Coin, Inc. 0.05 Atlanta, GA Undisclosed Owns and operates a platform that enables the users to trade their gift cards for bitcoin and dogecoin.
01/12/2017 West Town Bancorp, Inc. (OTCPK:WTWB) 2.00 Raleigh, NC Undisclosed Operates as the holding for West Town Bank & Trust that provides personal and business banking services.
01/12/2017 LTD Software, LLC 0.39 Charlotte, NC The Inception Micro Angel Fund Offers Ecomdash, an inventory management and order fulfillment software for multi-channel Ecommerce sellers. Its Ecomdash automates and integrates omni-channel retailers’ inventory, sales orders, product listings, and shipping processes across various marketplaces, as well as Ecommerce-ready Website platforms.
01/10/2017 Cartiva, Inc. 8.50 Alpharetta, GA New Enterprise Associates; Windham Venture Partners Develops and markets medical device solutions for
orthopedic surgeons and their patients.
01/10/2017 Rubicon Global Holdings, LLC 50.00 Atlanta, GA SUEZ SA (ENXTPA:SEV) Develops cloud based waste management platforms for
companies in North America.
01/10/2017 Piedmont Stone Center, PLLC 0.57 Winston-Salem, NC Undisclosed Provides non-surgical treatment for kidney stones.
01/06/2017 Preservation Group, LLC 1.30 Atlanta, GA Undisclosed Operates in the real estate industry.
01/06/2017 Storey Hollow Investments, LLC 2.03 Rome, GA Undisclosed Operates in the real estate industry.
01/05/2017 Payspan, Inc. Undisclosed Atlanta, GA Primus Capital Provides healthcare reimbursement solutions to healthcare payers and providers, members, and banks in the United States.
01/05/2017 AccessOne MedCard, Inc. Undisclosed Fort Mill, SC Frontier Capital, LLC Provides healthcare financing products to healthcare providers. It offers a medical credit card program that allows hospitals to serve their self-pay patients.
01/03/2017 Legend Oil and Gas, Ltd. (OTCPK:LOGL) 0.35 Alpharetta, GA Hillair Capital Management LLC Operates as a crude oil hauling and trucking company.
01/03/2017 Ascletis, Inc. 100.61 Chapel Hill, NC Goldman Sachs Group, Merchant Banking Division; Shenzhen Capital Group Co., Ltd.; Tasly Pharmaceutical Group Co., Ltd. (SHSE:600535); C-Bridge Capital Partners LLC Discovers and develops treatments for cancer and infectious diseases.
01/03/2017 Proterra Inc. 140.00 Greenville, SC Kleiner Perkins Caufield & Byers; General Motors Ventures, LLC; Middle East Venture Partners; 88 Green Ventures; Edison Energy, LLC; Constellation Technology Ventures; Obvious Ventures; Tao Capital Partners Designs and manufactures zero-emission vehicles.
01/02/2017 HealthWatch, Inc. 15.00 Atlanta, GA Yiling Health Center Technology Co., Ltd. Operates as a healthcare information technology company, developing and marketing enterprise software applications for the healthcare sector in the United States.

Source: S&P Capital IQ

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