Q2’17 saw a total of 91 successfully closed private placement capital raises, totaling just over $940.3 MM, across North Carolina, South Carolina, and Georgia. Across all three states, the Information Technology sector led the way in terms of total deal value with 27 capital raises, totaling $501MM.
Q2 2017 Capital Raises by Sector: NC, SC & GA
Source: S&P Capital IQ
Q2 Private Placement Statistics* – NC, SC & GA
| Total # of Closed Capital Raises | 91 | Total Capital Raise Volume | $940.3 MM |
| # of GA Transactions | 50 | Median Raise | $3.0 MM |
| # of NC Transactions | 31 | ||
| # of SC Transactions | 10 |
*for deals with disclosed terms
Q2 Private Placement Transactions
| Close Date | Issuer | Amount ($MM) | Location | Selected Investors | Issuer Business Description |
|---|---|---|---|---|---|
| 06/30/2017 | Nextgen Avionics, CORP. | $0.4 | Alpharetta | – | NEXTGEN AVIONICS, CORP. was founded in 2017 and is headquartered in Alpharetta, Georgia. |
| 06/29/2017 | EmployBridge Holding Company | $2.0 | Atlanta | – | EmployBridge Holding Company offers staffing services. |
| 06/29/2017 | MessageGears, LLC | $2.8 | Atlanta | Hallett Capital; Covalent Interests | MessageGears, LLC develops and integrates an enterprise email marketing solution for marketers and enterprises. |
| 06/29/2017 | MilTec Platform, Inc. | $0.1 | Duluth | – | MilTec Platform, Inc. provides IT platforms and mobile applications. |
| 06/28/2017 | Stiletto Manufacturing, Inc. | $12.5 | Columbia | – | Stiletto Manufacturing, Inc. was incorporated in 2015 and is based in Columbia, North Carolina. |
| 06/27/2017 | SimCore Technologies, Inc. | $0.6 | Atlanta | – | SimCore Technologies, Inc. develops web based clinical simulation platform for medical industry. |
| 06/23/2017 | Car360, Inc. | $3.6 | Atlanta | BIP Capital; Radical Investments; Service Provider Capital, LLC | Car360, Inc. designs and develops self-rotating camera application for mobile phones that clicks a 360 image of cars to increase automotive sales. |
| 06/23/2017 | Social123 INC | $10.5 | Atlanta | SVB Capital; Buckhead Investments LLC; Fulcrum Equity Partners, Inc.; Vocap Investment Partners LLC; AIM Group; Ellis Capital | Social123 INC. provides a social sourced B2B data platform for B2B marketers. |
| 06/21/2017 | Falcon Therapeutics, Inc. | $0.7 | Chapel Hill | – | Falcon Therapeutics, Inc., a biotechnology company, develops personalized neural stem cell therapies to treat glioblastoma. |
| 06/21/2017 | 410 Medical Innovation, LLC | $5.4 | Chapel Hill | Sovereign’s Capital; Bios Partners | 410 Medical Innovation, LLC operates in the healthcare industry. |
| 06/20/2017 | Provider Web Capital Funding, LLC | – | Marietta | Atlanticus Holdings Corporation (NasdaqGS:ATLC) | Provider Web Capital Funding, LLC offers short term funding to small businesses in the healthcare sector. |
| 06/20/2017 | Deerland Enzymes, Inc. | – | Kennesaw | RoundTable Healthcare Management, LLC | Deerland Enzymes, Inc. provides plant, animal, fungal, and bacterial sourced enzymes in liquid, granular, and spray-dried forms for manufacturers and distributors worldwide. |
| 06/19/2017 | Movius Interactive Corporation | $15.1 | Atlanta | New Enterprise Associates; Anschutz Investment Company; PointGuard Ventures LLC | Movius Interactive Corporation provides cloud-based enterprise mobility solutions. |
| 06/16/2017 | SynapseMX, Inc. | $0.1 | Newnan | – | SynapseMX, Inc. develops cloud-based software that allows commercial aircraft maintenance teams to focus on their work and streamline operations. |
| 06/15/2017 | Hamilton Captive Management | – | Hilton Head Island | – | Hamilton Captive Management provides captive insurance administration services to private companies, high-net worth individuals, and families. |
| 06/15/2017 | ChartSpan Medical Technologies, Inc. | $16.0 | Greenville | Cypress Growth Capital LLC | ChartSpan Medical Technologies, Inc. develops and delivers ChartSpan, an application that enables patients to organize, request, and send their family’s health records from their smartphone. |
| 06/15/2017 | Fraudscope Inc. | $1.5 | Atlanta | GRA Ventures; Mosley Ventures; Tech Square Labs; Service Provider Capital, LLC; Spider Capital Partners | Fraudscope Inc. provides an automated intelligence software platform for healthcare fraud, waste, and abuse applications. |
| 06/14/2017 | Weaveup, Inc. | – | Durham | Springs Window Fashions, LLC | Weaveup, Inc. operates an online marketplace that facilitates customers to print and order customized home furnishing and upholstery. |
| 06/14/2017 | STITCH GOLF HOLDINGS, INC. | $3.0 | Cary | – | STITCH GOLF HOLDINGS, INC. manufactures and sells golf apparel and accessories. |
| 06/14/2017 | Ceterus, Inc. | $6.0 | Charleston | Grotech Ventures; IDEA Fund Partners; TechOperators LLC; Alerion Ventures, LLC | Ceterus, Inc. develops an online accounting and financial reporting solution for small business entrepreneurs. |
| 06/13/2017 | Proterra Inc. | $55.0 | Greenville | Generation Investment Management LLP; BMW i Ventures | Proterra Inc. designs and manufactures zero-emission vehicles. |
| 06/13/2017 | Clean Hands Safe Hands LLC | – | Atlanta | S. C. Johnson & Son, Inc. | Clean Hands Safe Hands LLC provides a non-intrusive wireless technology to remind hospital providers for using the hand sanitizers and monitor compliance in hospitals. |
| 06/13/2017 | Utility Associates, Inc. | $6.6 | Tucker | – | Utility Associates, Inc. engineers, manufactures, and supports critical connectivity and mobile video solutions for public safety/service, transit, and utility industries in the United States. |
| 06/12/2017 | Brijjitco LLC | $0.3 | Atlanta | – | Brijjitco LLC operates in the healthcare industry. |
| 06/09/2017 | Ryker USA, Inc. | $0.2 | Cary | – | Ryker USA, Inc. was incorporated in 2014 and is based in Cary, North Carolina. |
| 06/09/2017 | Blue Ridge Surgery Center, L.P. | $0.2 | Raleigh | – | Blue Ridge Surgery Center, L.P., a multi-specialty ambulatory surgery center, provides outpatient surgical services. |
| 06/09/2017 | SoftWear Automation, Inc. | $4.5 | Atlanta | CTW Venture Partners, LLC | SoftWear Automation, Inc. engages in the design, development, manufacture, and supply of automated production lines for the robotic cutting and sewing of garments. |
| 06/09/2017 | Cardlytics, Inc. | $18.0 | Atlanta | Kinetic Ventures, L.L.C.; Canaan Partners; Polaris Partners; ITC Holding Company, LLC; TTV Capital | Cardlytics, Inc. provides a purchase-based data intelligence platform that measures and connects purchases to consumers. |
| 06/08/2017 | AvidXchange, Inc. | $300.0 | Charlotte | Temasek Holdings (Private) Limited; Caisse de dépôt et placement du Québec; Mastercard Incorporated (NYSE:MA) | AvidXchange, Inc. provides accounts payable and payment automation solutions for midsize companies, including real estate, financial services, energy, and construction in North America. |
| 06/08/2017 | Fennec Pharmaceuticals Inc. (OTCPK:FENC.F) | $7.6 | Research Triangle Park | Sigma Tau Finanziaria S.p.A. | Fennec Pharmaceuticals Inc., a biopharmaceutical company, develops product candidates for use in the treatment of cancer in the United States. |
| 06/08/2017 | Numerex Corp. (NasdaqGS:NMRX) | $13.5 | Atlanta | – | Numerex Corp. provides managed enterprise solutions enabling the Internet of Things (IoT) primarily in the United States. |
| 06/07/2017 | Life2, Inc. | $1.5 | St. Simons Island | Morley Device Innovations, LLC | Life2, Inc. develops a risk mitigation platform for the healthcare industry. |
| 06/07/2017 | Aseko, Inc. | $4.1 | Greenville | – | Aseko, Inc. was formerly known as Glucotec Inc. The company was incorporated in 2008 and is based in Greenville, South Carolina. |
| 06/06/2017 | QUE Oncology, Inc. | $16.0 | Atlanta | Uniseed Pty Limited; Emory University, Endowment Arm; UniQuest Pty Limited; Centrosome LLC; Brandon Capital Partners | QUE Oncology, Inc. engages in drug development and therapies for treatment of cancer, such as breast cancer and prostate cancer. |
| 06/06/2017 | WasteZero, Inc. | $1.5 | Raleigh | – | WasteZero, Inc. provides municipal solid waste reduction programs in the United States. |
| 06/05/2017 | StrideBio, Inc. | $1.0 | Durham | – | StrideBio, Inc. creates and develops adeno-associated viral (AAV) vector technologies and therapeutics that enables gene addition, gene silencing, and gene editing modalities for rare diseases. |
| 06/05/2017 | Medicom Technologies, Inc. | $0.3 | Raleigh | – | Medicom Technologies, Inc. provides technology solutions to improve patient care. |
| 06/02/2017 | Greenlight Financial Technology, Inc. | $7.4 | Atlanta | New Enterprise Associates; TTV Capital; Relay Ventures; Social Capital PEP Management LLC | Greenlight Financial Technology, Inc. provides debit card services for kids to help parents raise financially smart kids. |
| 05/31/2017 | BAM Worldwide LLC | $10.0 | Atlanta | Millstone Capital Partners | BAM Worldwide LLC develops and sells back office automation solutions for freight brokerage and logistics industries. |
| 05/31/2017 | Vertera Inc. | $3.1 | Atlanta | – | Vertera Inc. develops, manufactures, and commercializes spine implants, using patented porous PEEK technology. |
| 05/31/2017 | Infina Connect Healthcare Systems, Inc. | $1.9 | Cary | – | Infina Connect Healthcare Systems, Inc. is a digital health company that deploys cloud-based healthcare solutions for referral coordination and automated prior authorization of prescription drugs. |
| 05/30/2017 | Akoustis Technologies, Inc. (NasdaqCM:AKTS) | $6.0 | Huntersville | – | Akoustis Technologies, Inc. operates in the telecommunications and fiber optics sector. |
| 05/26/2017 | Sharecare Inc. | – | Atlanta | Summit Partners LLP | Sharecare Inc. provides an online health and wellness engagement platform that gives consumers with a personal results-oriented experience by connecting them to health resources and programs. |
| 05/24/2017 | CloudFactory Limited | $7.3 | Durham | The Social Entrepreneurs’ Fund; Dolma Fund Management | CloudFactory Limited offers a cloud-based workforce solution. |
| 05/24/2017 | Surterra Holdings, Inc. | $5.0 | Atlanta | – | Surterra Holdings, Inc. was incorporated in 2014 and is based in Atlanta, Georgia. |
| 05/19/2017 | Guided Therapeutics, Inc. (OTCBB:GTHP) | $0.1 | Norcross | GHS Investments, LLC | Guided Therapeutics, Inc., a medical technology company, focuses on developing medical devices. |
| 05/18/2017 | MGT Capital Investments, Inc. (OTCPK:MGTI) | $1.1 | Durham | Iliad Research and Trading L.P. | MGT Capital Investments, Inc., together with its subsidiaries, focuses on acquiring and developing a portfolio of cybersecurity technologies. |
| 05/18/2017 | FullStory, Inc. | $15.0 | Atlanta | Kleiner Perkins Caufield & Byers; GV; Salesforce Ventures | FullStory, Inc. provides an online solution that enables product and support teams to understand the customer experience. |
| 05/17/2017 | QASymphony LLC | $40.0 | Atlanta | Insight Venture Partners LLC | QASymphony LLC provides software testing and test management tools. |
| 05/17/2017 | SingleOps LLC | $1.0 | Atlanta | – | SingleOps LLC develops a cloud-based scheduling software. |
| 05/15/2017 | Icagen, Inc. | $1.9 | Durham | – | Icagen, Inc., a partner research organization, provides drug discovery and development services to pharmaceutical and biotechnology companies. |
| 05/15/2017 | Terminus Software, LLC | $10.3 | Atlanta | Edison Partners; HubSpot, Inc. (NYSE:HUBS); Knoll Ventures Inc.; Arthur Ventures; Hyde Park Venture Partners; Vine Street Ventures; Atlanta Ventures; High Alpha | Terminus Software, LLC develops an account-based marketing platform for B2B marketers. |
| 05/15/2017 | Hometown Stories, LLC | $0.4 | Raleigh | – | Hometown Stories, LLC was incorporated in 2016 and is based in Raleigh, North Carolina. |
| 05/12/2017 | KNOW Bio, LLC | $2.6 | Durham | – | KNOW Bio, LLC develops and produces nitric oxide-based therapies. |
| 05/11/2017 | Emrgy Inc. | $0.8 | Atlanta | – | Emrgy Inc. engages in developing technologies to deliver distributed energy and efficiency solutions. |
| 05/11/2017 | Loading Dock Raleigh, LLC | $0.8 | Raleigh | – | Loading Dock Raleigh, LLC provides a shared workspace for creative, freelancer, entrepreneur, and remote professionals with amenities, including private office suites, an outdoor covered patio, Wi-Fi, multi-functional meeting rooms, video conferencing, printers/copiers/fax, and business mailing address and mail services. |
| 05/11/2017 | N2N Services Inc. | $1.6 | Duluth | – | N2N Services Inc. designs and develops an integration Platform-as-a-Service (iPaaS) solution for the higher education marketplace. |
| 05/10/2017 | Broad River Power Holdings | – | Columbia | The Silverfern Group, Inc.; Arroyo Energy Investment Partners LLC | Calpine Power Company, Broad River Energy Center comprises a power plant that generates electricity with a capacity of 847 mega watts. |
| 05/10/2017 | Ginkgo Willowdaile LLC | $5.2 | Charlotte | – | Ginkgo Willowdaile LLC operates in the residential real estate sector. |
| 05/09/2017 | MacStadium, Inc. | – | Atlanta | Noro-Moseley Partners; Summit Partners LLP | MacStadium, Inc. provides Apple Mac based server hosting, co-location, and cloud computing solutions for individuals and businesses worldwide. |
| 05/09/2017 | Innovative Solar Systems, LLC | $14.9 | Asheville | – | Innovative Solar Systems, LLC designs and installs commercial solar power systems. |
| 05/08/2017 | GeoVax Labs, Inc. (OTCPK:GOVX) | $3.0 | Smyrna | Sabby Management, LLC | GeoVax Labs, Inc., a clinical-stage biotechnology company, develops human vaccines against infectious diseases and cancer using its novel vaccine platform in the United States. |
| 05/05/2017 | Advanced Animal Diagnostics, Inc. | $2.5 | Morrisville | – | Advanced Animal Diagnostics, Inc. researches, develops, and commercializes on-farm diagnostic test tools for the early detection of subclinical mastitis in dairy cows. |
| 05/04/2017 | Chanticleer Holdings, Inc. (NasdaqCM:HOTR) | $6.0 | Charlotte | – | Chanticleer Holdings, Inc. owns, operates, and franchises fast casual and full service dining concepts in the United States and internationally. |
| 05/04/2017 | ImpathIQ, Inc. | $0.4 | Winston-Salem | Cofounders Capital | ImpathIQ, Inc. develops health informatics engine that reduces healthcare costs and improves patient outcomes and safety for hospital. |
| 05/04/2017 | Minority Transportation Consortium, LLC | $0.3 | College Park | – | Minority Transportation Consortium, LLC, a national conglomerate, that identifies, recruits, and certifies transportation firms to participate in contracting opportunities. |
| 05/02/2017 | Dinova, Inc. | $40.0 | Johns Creek | Frontier Capital, LLC | Dinova, Inc. provides proprietary marketplace focused on connecting business diners to restaurants. |
| 04/28/2017 | Work Today, Inc. | $1.1 | Mcdonough | EMERGE s.a.-n.v.; The Social+Capital Partnership; MuckerLab; GAN Ventures; Hone Capital | Work Today, Inc. operates in the technology industry. |
| 04/28/2017 | ArunA Biomedical, Inc. | $3.7 | Athens | – | ArunA Biomedical, Inc., a biotechnology company, manufactures technologies in human stem cell research for use in drug discovery and basic research. |
| 04/27/2017 | Whereable Technologies LLC | $5.2 | Mt. Pleasant | – | Whereable Technologies LLC was formerly known as Two Bulls Technologies LLC. The company was incorporated in 2015 and is based in Mt. Pleasant. |
| 04/26/2017 | TWIN STATE Home Health Care Services, Inc. | $0.0 | Tabor City | – | TWIN STATE Home Health Care Services, Inc. operates in the healthcare industry. |
| 04/24/2017 | Tosca Services, LLC | $29.7 | Atlanta | Triangle Capital Corporation (NYSE:TCAP) | Tosca Services, LLC manufactures and supplies reusable plastic container solutions for supply chain management in North America. |
| 04/24/2017 | Profisee Group, Inc. | – | Alpharetta | ParkerGale Capital | Profisee Group, Inc. operates as a master data management and data quality software company. |
| 04/21/2017 | Deep Fiber Solutions, Inc. | $8.9 | Roswell | Bonaventure Capital LLC; Fidelis Capital | Deep Fiber Solutions, Inc. operates in the technology industry. |
| 04/21/2017 | Get Spiffy, Inc. | $7.5 | Research Triangle Park | Industry Ventures, LLC; IDEA Fund Partners; Development 72, LLC; Bull City Venture Partners | Get Spiffy, Inc. offers mobile car wash and mobile car detailing services through an application. |
| 04/20/2017 | Cocrystal Pharma, Inc. (OTCPK:COCP) | $3.0 | Tucker | Opko Health, Inc. (NasdaqGS:OPK) | Cocrystal Pharma, Inc., a preclinical-stage biopharmaceutical company, focuses on developing antiviral therapeutics for human diseases. |
| 04/18/2017 | NeuroTronik, Inc. | $23.1 | Chapel Hill | Hatteras Venture Partners; Boston Scientific Group Public Limited Company; Synergy Life Science Partners; Mountain Group Capital, LLC; Sovereign’s Capital; Lord Baltimore Investment Partners, LLC | NeuroTronik, Inc. develops medical devices to treat acute heart failure. |
| 04/18/2017 | White Stagg, LLC | $3.1 | Pineville | – | White Stagg, LLC designs and manufactures smoke alarm devices for residential and commercial applications in the United States. |
| 04/17/2017 | AimMax Therapeutics, Inc. | $0.2 | Chapel Hill | – | AimMax Therapeutics, Inc. develops pharmaceuticals and therapeutics for the treatment and prevention of diseases. |
| 04/14/2017 | Elevar Technologies, Inc. | $0.3 | Raleigh | – | Elevar Technologies, Inc. develops event management software. |
| 04/12/2017 | Icagen, Inc. | $1.5 | Durham | – | Icagen, Inc., a partner research organization, provides drug discovery and development services to pharmaceutical and biotechnology companies. |
| 04/10/2017 | Career Employment Professionals, LLC | – | Savannah | Amzak Capital Management | Career Employment Professionals, LLC, doing business as Trace Staffing Solutions, provides full-service staffing services and HR solutions. |
| 04/10/2017 | SmartSky Networks, LLC | $175.6 | Charlotte | Meritage Funds; WP Global Partners, Inc.; Platform Partners, LLC; Tiger Infrastructure Partners LP | SmartSky Networks, LLC provides a 4G LTE based air-to-ground network for business aviation. |
| 04/06/2017 | Aveanna Healthcare | $75.0 | Atlanta | – | Aveanna Healthcare provides pediatric home care services for medically fragile children and adults in the United States. |
| 04/06/2017 | QSpex Technologies, Inc. | $3.8 | Alpharetta | – | QSpex Technologies, Inc., an optical service center, offers finished eyewear in the United States. |
| 04/05/2017 | IM – Winter Holdings Inc. | $7.0 | Atlanta | – | IM – Winter Holdings Inc. was incorporated in 2014 and is based in Atlanta, Georgia. |
| 04/04/2017 | Patient Engagement Centers of America, Inc. | $0.2 | Sullivan’s Island | SC Launch | Patient Engagement Centers of America, Inc. develops patient relationship management solutions for healthcare organizations in North America. |
| 04/04/2017 | P2 Ops, LLC | $0.2 | Fort Mill | SC Launch | P2 Ops, LLC manufactures protective outdoor carriers for transporting and securing televisions. |
| 04/03/2017 | Legend Oil and Gas, Ltd. (OTCPK:LOGL) | $0.6 | Alpharetta | Hillair Capital Management LLC | Legend Oil and Gas, Ltd. operates as a crude oil hauling and trucking company. |