Venture Capital Reports: 2000: Year to Date (Q1 through Q3)
OverviewSummary Statistics
Research Triangle Investments By Deal Size
Top Ten Research Triangle Recipient Companies
Research Triangle Investments By Industry Category
Research Triangle Investments By Company Stage
Investments By North Carolina Region YTD
Investors in Research Triangle-Based Companies
North Carolina-Based Investment Recipients
Research Methodology
A total of $904.97 million was invested in 105 Research Triangle-based companies in the first three quarters of 2000. Throughout North Carolina, a total of 141 companies obtained $1.587 billion dollars.
This YTD report is based on information available as of October 31, 2000. Additional information or changes received after that date will be updated in the 2000 annual report.
The following are summary statistics for CED's Year To Date (YTD) 2000 Research Triangle Venture Investment Report findings:
Research Triangle Summary Statistics
With 109 investments made in 105 companies, the
number of deals through September of 2000 increased
by 57.97% from the 69 deals made through Q3 in
1999.
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The average YTD investment was $8.3 million (vs. $10.46 million in the same period in 1999).
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The median YTD investment was $3.5 million (vs. $1.4 million in the same period in 1999).
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YTD investments ranged from $100 million to $10,000. (vs. $231.4 million to $20,000 during the same period in 1999)
With 145 investments made in 141 companies, the number of YTD deals increased by 59.3% from the 91 deals made through Q3 in 1999.
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The average YTD investment was $10.95 million (vs. $9.36 million in the same period in 1999).
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The median YTD investment was $3.1 million (vs. $1.5 million in the same period in 1999).
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YTD investments ranged from $402 million to $10,000. (vs. $231.4 million to $20,000 during the same period in 1999)
Research Triangle Investments By Deal Size
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YTD, the Research Triangle region recorded 11 investments at greater than $20 million for 47.33% of the total dollars raised; and 48 companies raised at least $5 million for 87.63% of the total dollars
Top Ten Research Triangle Recipient Companies
YTD, at least 105 Research Triangle-based companies received funding in 109 deals. The *top ten recipient companies for the period were as follows:
|
Interpath Communications |
$100.0 million |
|
Fiderus |
$75.0 million |
|
HomeDirector |
$45.0 million |
|
**BOPS Inc. |
$40.0 million |
|
BioStratum |
$28.0 million |
|
SourceAlliance.com |
$25.0 million |
|
Hiddenmind |
$25.0 million |
|
HAHT Software |
$25.0 million |
|
a4 health systems |
$25.0 million |
|
Microcosm Technologies |
$20.28 million |
|
*(For a total list, see below.) **BOPS was founded in Durham, NC, has executive offices in CA, but maintains R&D in NC |
|
YTD 141 companies based in the state of North Carolina received funding in 145 deals. *The statewide top ten recipient companies for the period were as follows:
|
Carolina Broadband |
Charlotte |
$402.0 million |
|
Interpath communications |
RTP |
$100.0 million |
|
Fiderus |
RTP |
$75.0 million |
|
Grapevine Television |
Charlotte |
$53.45 million |
|
HomeDirector |
Morrisville |
$45.0 million |
|
BOPS Inc. |
Chapel Hill |
$40.0 million |
|
Endeavor |
Wilmington |
$36.06 million |
|
Digital Optics |
Charlotte |
$35.0 million |
|
You Centric |
Charlotte |
$30.5 million |
|
Targacept |
Winston-Salem |
$30.4 million |
|
*(For a total list, see below.) **BOPS was founded in Durham, NC, has executive offices in CA, but maintains R&D in NC |
||
Research Triangle Investments By Industry Category
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In the Research Triangle, the internet sector garnered 30.60% of the dollars raised YTD, followed by the computer software sector with 25.34% of the total financing.
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In the Research Triangle, the internet sector composed 30.28% of the deals YTD, followed by the computer software sector with 25.69% of the total deals.
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Statewide
, the telecommunications sector garnered 26.61% of the total dollars invested, followed by the internet sector with 19.51% and the computare software sector with 18.18% of the total dollars.
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Statewide
, the internet sector received the largest portion of deals YTD with 31.72% of the deals, followed by the computer software industry with 24.14% and the life science sector with 16.55% of the deals.
Research Triangle Investments By Company Stage
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YTD, expansion stage companies have accounted for 37.74% of all the dollars invested, followed by the early stage category with 34.47% of the total dollars invested.
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YTD, early stage companies accounted for 40.37% of all the financing deals, followed by expansion stage companies with 33.03% of the total.
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Statewide
, YTD early stage companies accounted for almost half of the total dollars invested (47.22%), and held 41.38% share of the total financing deals. The expansion stage followed with 32.41% of the dollars invested, and 31.72% of the deals. Late stage companies made up 17.47% of the dollars raised and 7.59% of the deals, while the seed stage accounted for 2.91% of the dollars invested and 19.31% of the deals.
Investments By North Carolina Region YTD
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For the state as a whole, the Research Triangle region has had 109 deals YTD; Charlotte-based companies have reported 27 deals during the period; six Piedmont and three Eastern NC companies have raised funds. No Western NC companies have reported venture financing.
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YTD, the Research Triangle claimed 56.96% of the dollars raised. The Charlotte region claimed 37.14% of the dollars, the Piedmont raised 3.16%, and Eastern NC raised 2.74% of the statewide total.
Investors in Research Triangle-Based Companies
Many investment firms, individual investors, and strategic investors have funded North Carolina-based companies YTD. Among those investing include:
|
A.M. Pappas & Associates |
Eno River Capital |
Nichimen American Inc. |
North Carolina-Based Investment Recipients
141 North Carolina-based companies received venture funding during the year to date. Some of those companies reporting financing include:
|
a4 health systems |
Fiderus |
Performaworks |
CED's survey figures differ from other organizations that report venture investments nation-wide due to a different reporting methodology. CED collects and verifies investment information for publication from a variety of published sources such as NVCA reports, PricewaterhouseCoopers MoneyTree© reports, and other business publications; and by directly surveying regional venture capitalists and local entrepreneurs. Vigorous efforts are made to reconcile discrepancies in all information; however, where differences occur, CED relies on direct information from the company and/or its investors about the specific amounts and closing details.