Venture Capital . . .
As reflected in our
quarterly
venture capital reports, the pace of venture capital investment
has slowed significantly. Many resident funds, including some of those
listed below, are biding their time awaiting a thaw in the equity
markets that provide their funding and others are investing only in
existing portfolio companies. The few that have active new investment
programs going are spending more time investigating and demanding
lower valuations.
What follows is a partial
list of regional venture capital and buy-out funds who have invested
in Atlanta companies.
Accuitive
Ventures
Largest medical technology venture firm in Atlanta with more than
$100 million under management. Managed by the same people that
started, Innovation Factory, a medical device incubator.
Alliance
Technology Ventures .
Alpharetta, Georgia. Invests in early stage information
technology and life science companies. Typical size investment between
$1 million and $2 million. Contact Michael R. Slawson 678-336-2000.
Brighton
Partners.
Atlanta, Georgia. Brighton Partners is a private equity investment
firm focused on smaller, middle-market companies with substantial
potential for sales and earnings growth.
Contact Daniel Broos at
404-439-8347
C&B
Capital, L.P.
Atlanta, Georgia. A $21 million fund operated by the investment
bankers Croft & Bender. Focuses on high growth,
Southeastern-based companies. Co-invests in situations where its
affiliate acts as investment banker. Contact Ronald B.
Goldman at 404 841-0735.
Chrysalis
Ventures.
Louisville, Kentucky. In business since 1993, providing equity capital
for growth companies in the Southeast and Midwest. With more than $200
million under management, Chrysalis looks for promising early-stage
companies poised for growth.
Cordova
Ventures.
Alpharetta, Georgia. Manages a series of investment funds that
made early stage and expansion capital investments in
Internet, biotech/medical devices, financial services and
telecommunications. Only its Industrial Technology Ventures is
actively making investments.
Cravey, Green & Whalen.
Atlanta, Georgia.
A private equity firm that
backs management teams in acquisitions and recapitalizations of
middle-market companies, typically involving transactions valued
between $25 – 200 million.
Long time player in the Atlanta
market. Contact Bart McLean at 404-816-3255.
Five Paces
Ventures
Atlanta, Georgia. Founded in April of 2000 to focus
on companies that leverage the convergence of
voice, video and data networks, or next generation networks. Typical
investment size of between $3 million and $8 million over more than
one round. Contact Deborah Gleeson at 404-439-8212.
Hickory
Ventures Group
Huntsville, Alabama. HVG has been investing in entrepreneurs since
1984. The fund focuses on telecommunications, information sciences,
health care services and medical devices. Typically invests between $1
million and $2 million. Contact Munro Lanier at 256-539-1931.
H.I.G.
Ventures
Miami, Florida and Atlanta, Georgia. H.I.G.
Capital is a private equity firm that focuses on venture capital
investments in early stage technology companies and management-led
buyouts or recaps of manufacturing and service businesses. Contact
Paul Pishal at 404-504-9333.
Imlay Investments
Atlanta, Georgia. Principally invests in early
stage start-up and seed opportunities. Average investment ranges between
$100,000 and $500,000. Long time seed investor in Atlanta with
investments in more than 30 companies. Contact Sig Mosley at
404-239-1799.
Intelligent
Systems Corporation
Norcross, Georgia. ISC invests in early stage information technology companies
and runs one of the longest standing commercial incubators in the
Southeast. Typical investments range from $100,000 to $1 Million. Most
of ISC's portfolio consists of early stage companies outside of its
incubator. Contact Bonnie Herron at 770-564-5504.
ITC
Holding Company
West Point, Georgia. Not a traditional venture capital firm but a
sometime
active venture capital investor in and around Atlanta. Most active in
telecommunications related businesses.
Kinetic
Ventures
Atlanta, Georgia since 1984.
Kinetic provides early stage, expansion and buyout capital to growing companies addressing
communications, the Internet, and customer service opportunities. Typical investment size
ranges from $1 million to $5 million. Contact Nelson Chu at 404-995-8811.
Linx
Partners
Atlanta, Georgia. A private equity investment firm that partners with
management to acquire and grow middle-market industrial companies.
Linx's sweet spot is industrial manufacturing, specialty distribution
and industrial technology companies with annual sales between $25
million and $100 million. Contact Barbara Henagan at (770) 818-0335.
Mellon
Ventures
Atlanta, Georgia. A part of Mellon
Financial Services, this fund invests between $3 Million and $25
Million in early stage, growth and buy-out opportunities. Contact Max
Chee
(404) 504-4089.
Noro-Moseley
Partners
Atlanta, Georgia. NMP invests in a early and later stage growth companies with
a focus on companies in communications, information technology and
health care. Typical investment size ranges from $1 million to $4
million. In Atlanta since 1983. Contact Allen Moseley or Rusty French
at 404-233-1966.
River
Associates
Chattanooga, Tennessee. River Associates engages in management
buyouts, corporate divestitures, recapitalizations and family
succession transactions with small and medium sized companies that
exhibit historic/defensible cash flow and the ability to grow. Contact
Mark Jones at 423-755-0888.
River Capital Equity Partners
Atlanta, Georgia. River Capital typically
invests in management buyouts and leveraged buyouts with equity
and subordinated debt in amounts between $2 Million and $7 Million. A
long time Atlanta player. Contact Jerry Wethington at 404-873-2166.
Southeastern
Technology Fund
Atlanta, Georgia and Huntsville, Alabama. The Southeastern Technology
Fund focuses on early stage companies with seasoned
management teams in the information technology, internet, and
communications markets. In Atlanta, contact Mark Dunkel at
404-873-8366.
SSM
Ventures
Memphis, Tennessee. SSM focuses on fast growth companies located in the
Southeast. They are experienced in software, business services,
e-commerce and infrastructure technology investments. Contact Wilson
Orr at 901-767-1311.
Triangle Capital Partners
Raleigh, North Carolina. TCP is a $50 million mezzanine fund that
provides between $1 million and $5 million in funding to established
companies for leveraged buyouts, management buyouts, growth capital
and working capital. Contact Brent Burgess at 919-719-4788.
Total
Technology Ventures
Atlanta, GA. Established in 2000. TTV invests in early to mid-staged,
privately-held technology companies located primarily in the
Southeastern United States. Our investments typically range between
$1,000,000 and $3,000,000. Contact Gardiner Garrard at
404-347-8400.
UPS
Strategic Enterprise Fund
Atlanta, Georgia. Established in 1997 by UPS,
the Strategic Enterprise Fund invests in early stage opportunities in the areas of e-commerce,
logistics, Internet, packaging technologies and alternate delivery
models. Contact John Wilson at 404-828-6000.
Veritas
Venture Partners
Alpharetta, Georgia. This Atlanta office of the Israel venture fund
was opened in 2001. Veritas focuses on Internet, network
communications and healthcare opportunities originating in (or related
to) Israel, or along the East Coast of the U.S. Contact Laurie Olivier
at 770-619-0121.
Funds Based Outside Atlanta . . .
AM Fund
Atlantic
Coastal Ventures
Aurora Funds
CID Equity
Partners
Intersouth
Partners
Lovett
Miller & Company
Massey
Burch Capital Corp.
North
American Funds
Petra Capital Partners
Summit
Partners
Sutter
Hill Venture Capital
TA Associates
Technology Crossover
Ventures |
