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Venture Capital

Academy Funds
101 N. Chestnut Street
Suite 103
Winston-Salem, NC 27101
336-748-9991
 
Mr. Matt Crawford
Academy Funds
920 Main Campus Drive
Suite 400
Raleigh, NC  27606
919-424-3800
 
Mr. Glenn Kline
gkline@academyfunds.com
www.academyfunds.com
Academy Funds is a family of venture capital funds focused on achieving outstanding investment returns in seed and early-stage companies. Academy Funds consists of Academy Centennial Fund and Academy Venture Fund. Academy Centennial Fund is a venture capital fund that focuses on companies commercializing technologies developed at, or affiliated with, North Carolina State University. Academy Venture Fund is a venture capital fund with the objective of generating long-term capital appreciation through investments in seed and early-stage growth companies located throughout the State of North Carolina.

A.M. Pappas & Associates, LLC
7030 Kit Creek Rd. 
P.O. Box 11028
Research Triangle, NC 27709
919-998-3300
Fax:  919-998-3301
 
Mr. Eric Linsley
info@ampappas.com
www.ampappas.com
A. M. Pappas & Associates invests exclusively in the life science sector, within the fields of biotechnology, biopharmaceuticals, drug delivery, medical devices and health information systems. Internet and information technologies that have compelling life science industry applications are also of interest. A. M. Pappas & Associates manages approximately $150 million spread across three different fund families: TechAMP, our primary investment vehicle, and two small funds, Emerging Life Science Equities and Strategic Equities.

Aurora Funds, Inc.
2525 Meridian Pkwy
Suite 220
Durham, NC  27713
919-484-0400 or
919-484-0146
 
Mr. Doug Gooding
dgooding@aurorafunds.com
www.aurorafunds.com
Aurora prefers seed or series A/first round investments in life science and information technology companies, primarily in the Southeastern United States. Aurora prefers to be a lead investor in the first round of funding. In most cases, Aurora leads seed and series A investments, but will also co-lead where there are complementary strengths with potential other investment firms. The size of the investment ranges from $250 thousand to $3 million.

Catalysta Partners
Generation Plaza Suite 250
1822 E. NC #54
Durham, NC  27703
919-484-0370
Fax: 919-484-0364
 
Mr. John Crumpler
www.Catalysta.com

Catalysta partners work with company owners and managers through a company's entire life cycle: Early stage with business assessments, funding, and launch management; mid stage with general advisory support and active revenue generation; late stage with buy outs, strategic exits, and management advisory support.


Charlotte Angel Partners
Charlotte, NC
Mr. Brent Kuhlman
brent.kulman@charlotteangelpartners.com

Cordova Ventures
2500 North Winds Pkwy.
Suite 475
Alpharetta, GA 30004
678-942-0300
Fax:  678-942-0301
 
Mr. Forcht Dagi
www.cordovaventures.com
In amounts ranging from $250,000 to $4 million, Cordova invests in privately-held companies at varying stages of development, including seed and start-up, early-stage and later-stage growth. The firm invests primarily in the Southeast in a wide variety of companies with concentration in information technology, communications, industrial technologies, life sciences/biotech, healthcare services, telecommunications, financial services and real estate development equity financing.

Dogwood Equity
316 West Edenton Street
Suite 110
Raleigh, NC  27603
(919) 256-5000
Mr. H. Dabney Smith

Eno River Capital, LLC
905 W. Main Street
Box 44, Suite 25-B
Durham, NC  27701
919-680-4511
 
Mr. Gregg Davis
Mr. Daniel Egger
degger@enorivercapital.com
www.enorivercapital.com
Eno River manages the North Carolina Bioscience Investment Fund (NCBIF), a $26 million seed-stage venture capital fund focusing on life sciences. NCBIF focuses on commercializing technology developed at North Carolina's many world-class universities and other research institutions.

Firstround Org
2500 Bay Street
Charlotte, NC  28205
704-953-6744
 
Mr. Jim Roberts
Founder & CEO
Firstround Org is an organization whose purpose is to:  Assist local technology entrepreneurs get the funding they need to succeed. Promote North Carolina and South Carolina as an exciting area of the U.S., where the next set of trends can be created, as opposed to followed.  Market the Carolinas as a place where the next generation of tech executives will want to start a company, taking advantage of local Internet and software talent.

Intersouth Partners
3211 Shannon Road
Suite 610
Durham, NC 27707
919-493-6649
Fax:  919-493-6649
 
Mr. Dennis Dougherty
info@intersouth.com
www.intersouth.com
Intersouth Partners is one of the most active and experienced early-stage venture funds in the Southeast having invested in over 60 private companies. Founded in 1985, Intersouth manages $300 million in five venture capital limited partnerships, the most recent of which was established in May 2000 totaling $183 million, making this fund the largest venture capital fund in North Carolina and one of the largest in the Southeast. Based in Durham, NC, Intersouth Partners continues to seek a broad range of investment opportunities in the Internet, information technology and life sciences sectors.

Piedmont Angel Network
Research Triangle Ventures, LP

3110 Edwards Mill Rd.
Suite 220
Raleigh, NC  27612
919-571-8819
Fax:  919-571-8631
 
Mr. Charles Tuttle
Mr. Fred Hutchison
Mr. Bud Whitmeyer
Mr. Bob Whyte
www.researchtriangleventures.com
Research Triangle Ventures is a seed stage venture capital fund based in Raleigh, NC. We invest in emerging, high growth companies located in Research Triangle, North Carolina and surrounding areas. Our initial investments typically range from $250,000 to $500,000. Research Triangle Ventures contributes a unique blend of experience and perspective, as well as an outstanding network of advisors and professional resources.

TIG – Tristate Investment Group
405 Tranmore Dr.
Chapel Hill, NC  27516
919-875-9160
 
inbox@tignc.com
www.tignc.com
Tri-State Investment Group (TIG) is a group of investors dedicated to providing equity capital to early and mid-stage entrepreneurial companies that are based in Virginia, North Carolina and South Carolina. TIG IV is presently in the middle of its investment cycle. TIG seeks investment opportunities in private companies with explosive growth potential. Companies that are attempting to capitalize on new technologies or changing market conditions are of highest interest. Typical investments range from $150,000 to $500,000 with a targeted exit in three to five years.

Wakefield Group
2530 Meridan Parkway
Third Floor
Durham, NC  27713
919-806-4224
 
Mr. Steve Nelson
steve@wakefieldgroup.com
www.WakefieldGroup.com
Founded in 1988, Wakefield Group is a leading venture capital firm in the Southeast. We invest in early stage growth companies with emphasis on technology, health, and media. We manage more than $100 million of capital, operate offices in Charlotte and Research Triangle Park, NC, and are privately owned.

BANKS:

Bank of America
NC4-512-02-08
380 Knollwood Street
Winston-Salem, NC  27103
336-721-4087
 
Greg Cox
gregory.a.cox@bankofamerica.com
Bank of America
NC3-155-02-01
205 Second Street, N.W. (28601)
P.O. Box 2408
Hickory, NC  28603
 
 
BB&T
110 South Stratford Road
P.O. Box 15008
Winston-Salem, NC 27113-0010
336-733-1120
 
J. Cantey Alexander
cantley.Alexander@bbandt.com
RBC Centura
3201 Beechleaf Court
Suite 700
Raleigh, NC  27604
(919) 788-5448
(919) 788-7573
 
David M. Tsutsumi
Chris M. Julich
cjulich@centura.com
Wachovia Bank, N.A.
100 North Main Street
P.O. Box 3099
Winston-Salem, NC 27150
336-732-6624
Ann Walker

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