Q2 2017 Private Placement Report

Wire

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.

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