Posts Tagged ‘Charlottesville’
Monday, April 18th, 2011
 CHARLOTTESVILLE, VA - Privaris Inc., a Charlottesville-VA-based company that makes biometric ID products, has closed on $3.17 million million in debt, according to a regulatory filing.
Privaris raised $2.67 million in debt in June, $2 million in November 2009, and a $15.7 million A round in 2005.
The company’s institutional investors include Harbert Venture Partners, Noro-Moseley Partners, River Cities Capital Funds, RedShift Ventures, and SpaceVest Capital. It was funded by private individuals prior to its first round in 2005.
In the filing with the US Securities and Exchange Commission disclosing the financing, principals cited include: Brian Carney and Wayne Hunter, Richmond-based Harbert Venture Partners and Edward McCarthy of Raleigh-based River Cities Capital Funds.
The core Privaris product is a patented, wireless, keychain device that uses fingerprint-based biometrics to authenticate its user prior to releasing the information needed to perform a transaction.
The products work with existing physical and IT security infrastructure to authenticate the identity of an individual prior to that individual being granted access to facilities, IT resources, services and transactions.
The fingerprint data is stored and processed only on the device and is never released so as to protect an individual’s personal privacy.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: biometric security products, Charlottesville, debt, financing, Harbert Venture Partners, Noro Moseley Partners, Privaris, Redshift Ventures, River Cities Capital Funds, SpaceVest Capital, VA
Posted in IT, Money, Potomac, Security, Virginia | No Comments »
Tuesday, April 5th, 2011
 CHARLOTTESVILLE, VA – Hotelicopter, which provides a hotel search platform featuring 160,000 hotels, to websites and apps, has raised $1.5 million from seven investors, according to a regulatory filing.
The company, which presented at the recent 2011 Southeast Venture Conference in Atlanta, says its hotel search solutions are easy to implement and hosted in the cloud.
Founde din 2006, the company provides the platform to websites and apps on shared revenue basis, taking about 8 percent of a gross booking for each transaction facilitated though the system.
It shows rates, availability and content from its hotels.
The filing with the U.S. Securities and Exchange Commission lists three principals, Adam Healey, co-founder and CEO; Charles Seilheimer, co-founder and president; and Norwood Davis, from Atlanta’s TRX, non-executive chair.
Healey was previously founder and CEO of Samba Digital Media.
Online hotel bookings are a $100 billion market.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: Adam Healey, Charles Seilheimer, Charlottesville, financing, hotel search platform for websites and apps, Hotelicopter, Norwood Davis, Southeast Venture Conference, VA, venture capital
Posted in Georgia, Internet/New Media, IT, Money, Potomac, Virginia | No Comments »
Monday, March 28th, 2011
 CHARLOTTESVILLE, VA – Retail Relay Inc., which lets people shop for groceries online and chose a location in Charlottesville to pick them up, has raised $2.96 million, $2 million in equity and $959,836 from convertible notes, according to regulatory filings.
The company lets users shop for groceries, fresh farm produce, meats, baked goods and a variety of other vendors online at Relayfoods.com, then gathers and bags the purchases, which can be picked up at any one of several locations in the city.
The Retail Relay website suggests the firm plans to enter additional markets with its concept.
We find it interesting that concepts initially tried during the Internet boom (and bust) years are returning in somewhat different form now that fast Internet service is almost as much of a utility as water and electricity.
Unlike firms such as Netgrocer, Retail Relay deals only with local/regional vendors, and notes that often the farm produce it sells is picked the day of the sale.
Tags: Charlottesville, financing, online grocery shopping, Retail Relay, VA
Posted in Internet/New Media, Money | No Comments »
Wednesday, February 23rd, 2011
RALEIGH, NC – Privaris Inc., a company that sells which makes biometric ID products, has raised $2.96 million in debt, according to a regulatory filing. The company raised $2.67 million in debt in June, $2 million in November 2009, and a $15.7 million A round in 2005.
The company’s institutional investors including Harbert Venture Partners, Noro-Moseley Partners, River Cities Capital Funds, RedShift Ventures, and SpaceVest Capital. It was funded by private individuals prior to its first round in 2005.
In the filing with the US Securities and Exchange Commission disclosing the financing, principals cited include: Brian Carney and Wayne Hunter, Richmond-based Harbert Venture Partners and Edward McCarthy of Raleigh-based River Cities Capital Funds.
The core Privaris product is a patented, wireless, keychain device that uses fingerprint-based biometrics to authenticate its user prior to releasing the information needed to perform a transaction.
The products work with existing physical and IT security infrastructure to authenticate the identity of an individual prior to that individual being granted access to facilities, IT resources, services and transactions.
The fingerprint data is stored and processed only on the device and is never released so as to protect an individual’s personal privacy.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
SoutheastVentureConference: www.seventure.org
Internet Summit: www.internetsummit.com
Digital East: www.digitaleast.com
Digital Summit: www.digitalsummit.com
Tags: biometric security devices, Charlottesville, financing, Harbert Venture Partners, NC, Privaris, Raleigh, Richmond, River Cities Capital, VA
Posted in Uncategorized | No Comments »
Thursday, December 9th, 2010
 DULLES, VA – Echo 360 Inc., a company providing a way for college students to classroom lectures on demand, has raised $1 million of a $2 million round, according to a regulatory filing. The company raised $26.3 million in April and $15 million in 2008.
Principals listed in the filing with the US Securities and Exchange Commission disclosing the current raise include founder and chairman Geoff Allen, CEO Fred Singer, and directors Christopher Holden of Court Square Ventures of Charlottesville, VA; Wayne Weisman of SCP Private Equity of Wayne, PA; and Steven Murray of Softbank Capital, Newton Center, MA, among others.
The company evolved as a subsidiary of Anystream, which sells digital media production and management software to media companies. Anystream acquired Lectopia, which sold lecture capture technology in New Zealand and Australia, in 2007. It blended Anystream’s video and IT expertise with educational lecture capture to create the Echo360 platform.
The result, it says, is a repeatable, on-demand educational experience that is easy for institutions to deploy and support while providing students exceptional playback quality and options in line with their mobile lifestyles.
Students can replay any professor’s lecture on a PC or Mac, hear or watch a podcast, and even follow closed captioning. Not only that, students can go to any part of the lecture via key word search.
The company’s customers in the Southeast include Florida Coastal School of Law; Florida Atlantic University, Barry Kaye College of Business; George Washington University; North Carolina State University; the University of North Carolina at Wilmington; and the University of North Carolina School of Medicine. Nationally, customers include M.I.T., and Notre Dame, among many others. Internationally, it has schools from London to China.
The company evolved as a subsidiary of Anystream, which sells digital media production and management software to media companies. Anystream acquired Lectopia, which sold lecture capture technology in New Zealand and Australia, in 2007. It blended Anystream’s video and IT expertise with educational lecture capture to create the Echo360 platform.
The result, it says, is a repeatable, on-demand educational experience that is easy for institutions to deploy and support while providing students exceptional playback quality and options in line with their mobile lifestyles.
Students can replay any professor’s lecture on a PC or Mac, hear or watch a podcast, and even follow closed captioning. Not only that, students can go to any part of the lecture via key word search.
The company’s customers in the Southeast include Florida Coastal School of Law; Florida Atlantic University, Barry Kaye College of Business; George Washington University; North Carolina State University; the University of North Carolina at Wilmington; and the University of North Carolina School of Medicine. Nationally, customers include M.I.T., and Notre Dame, among many others. Internationally, it has schools from London to China.
Tags: Anystream, Charlottesville, Christopher Holden, classroom lecture capture, Court Square Ventures, Dulles, Echo 360, education, financing, Geoff Allen, M&A, Newton Center, PA, SCP Private Equity, Softbank Capital, Steen Murray, VA, Wayne, Wayne Weisman
Posted in Education, Internet/New Media, IT, Potomac, Virginia | No Comments »
Wednesday, November 10th, 2010
 MORRISVILLE, NC – Medical device firm nContact Surgical has closed on $16 million in funding led by existing investor Harbert Venture Partners. New investor ZMV Associates also participated in the round. TechJournal South reported the company had raised $13.1 million of the round in October.
According to a filing with the US Securities and Exchange Commission, the round was originally targeted at $23 million.
The company raised a total of $42.4 million across four rounds of funding.
Investors in the company, which raised a $4.4 million mixed securities round in August and a $4.8 million equity round in 2009, include: Hippo Ventures, Raleigh, NC; Intersouth Partners, Durham, NC; Harbert Management Corp., Birmingham, AL; Village Ventures, Williamstown, MA; Tall Oaks Capital, Charlottesville,VA; Massey Burch Capital Corp., of Nashville, TN; and Finistere Ventures, San Francisco.
The Morrisville, NC-based company was founded in 2005 to develop and investigate medical devices for the minimally invasive treatment of heart arrhythmias.
Its Numeris Coagulation System with VisiTrax integrates suction, perfusion, and RF energy to create visible, non-conductive, bi-atrial, epicardial lesions on a beating heart. The tethered device is used in open chest concomitant procedures (see photo).
nContact has initiated clinical studies for the treatment of AF in both open and closed chest procedures. It is currently enrolling patients in a series of clinical trials to evaluate the use of its system for the treatment of atrial fibrillation.
Tags: AL, Birmingham, Charlottesville, Durham, Finistere Ventures, heart arrhythmias, Hippo Ventures, Intersouth Partners, Massey Burch Capital, Medical Device, Morrisville, Nashville, NC, nContact, San Francisco, Tall Oaks Capital, TN, VA
Posted in Carolinas, Money, North Carolina | No Comments »
Wednesday, October 27th, 2010
 MORRISVILLE, NC – nContact Surgical, formerly known as Ablatrics Inc., has rasied $13.15 million of a targeted $23.15 million equity raise, according to a regulatory filing. nContact makes medical devices for the endoscopic treatment of heart arrhythmias.
Investors in the company, which raised a $4.4 million mixed securities round in August and a $4.8 million equity round in 2009, include: Hippo Ventures, Raleigh, NC; Intersouth Partners, Durham, NC; Harbgert Management Corp., Birmingham, AL; Village Ventures, Williamstown, MA;’ Tall Oaks Capital, Charlottesville,VA; Massey Burch Capital Corp., of Nashville, TN; and Finistere Ventures, San Francisco.
It raised a total of $24 million in rounds previous to those cited. It disclosed the latest raise in a filing with the US Securities and Exchange Commission.
It’s generally a good sign when a company attracts backing from both East and West Coast venture firms.VCs like medical device firms because the need for their products is frequently obvious and acute and they bring them to market much faster than pharmaceutical companies can get drugs approved.
The Morrisville, NC-based company was founded in 2005 to develop and investigate medical devices for the minimally invasive treatment of heart arrhythmias.
Its Numeris Coagulation System with VisiTrax integrates suction, perfusion, and RF energy to create visible, non-conductive, bi-atrial, epicardial lesions on a beating heart. The tethered device is used in open chest concomitant procedures (see photo).
nContact has initiated clinical studies for the treatment of AF in both open and closed chest procedures. It is currently enrolling patients in a series of clinical trials to evaluate the use of its system for the treatment of atrial fibrillation.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: AL, Birmingham, Charlottesville, Durham, Finistere Ventures, heart arrhythmias, Hippo Ventures, Intersouth Partners, Massey Burch Capital, Medical Device, Morrisville, Nashville, NC, nContact, San Francisco, Tall Oaks Capital, TN, VA
Posted in Uncategorized | No Comments »
Friday, August 20th, 2010
MORRISVILLE, NC – Medical device company nContact has closed on a $4 million mixed securities offering, according to a regulatory filing. The company makes devices for the minimally invasive treatment of heart arrhythmias.
Investors include Harbert Management Corp., Birmingham, AL; Hippo Ventures; Finistere Ventures, San Diego; Village Ventures, Williamstown, MA; Tall Oaks Capital, Charlottesville, VA;’ Massey Burch Capital Corp., Nashville, TN; and Intersouth Partners, Durham, NC.
The company, founded in 2005, raised at least $24 million in three previous rounds.
On its web site, the company says, “We are currently enrolling patients in a series of clinical trials to evaluate the use of this system for the treatment of atrial fibrillation (AF) in concomitant procedures as well as in convergent procedures, which combine the best techniques of Cardiovascular Surgeons and Electrophysiologists to potentially provide a truly minimally invasive treatment solution for all AF patients in a single procedure.”
The company disclosed the raise in a filing with the US Securities and Exchange Commission.
To contact TechJournal South Editor & Writer Allan Maurer: Allan at TechJournalSouth dot com.
Tags: AL; Hippo Ventures; Finistere Ventures, Birmingham, Charlottesville, Durham, financing, Harbert Management Corp., MA; Tall Oaks Capital, Medical Device, Morrisville, Nashville, NC, nContact, San Diego; Village Ventures, TN; and Intersouth Partners, VA;' Massey Burch Capital Corp., Williamstown
Posted in Alabama, Carolinas, Money, North Carolina, Other SE, Potomac, Tennessee, Virginia | No Comments »
Tuesday, March 2nd, 2010
 CHARLOTTESVILLE, VA – Cardagin Networks Inc., developer of a mobile marketing platform, has raised a $1 million Series A round of financing from private and angel investors Charlottesville, VA, Washington, DC, Atlanta, GA, and Nashville, TN.
Cardagin’s mobile platform digitizes the loyalty card programs of local businesses and gives those businesses tools to create, publish and push mobile advertisements directly to members of their loyalty programs.
Consumers are able to manage their loyalty cards directly from their mobile phones, as well as track visits and redeem coupons and promotions from the local businesses that they support.
We wonder how many consumers will want advertising delivered to their cell phones? We see a number of Southeast firms developing ways to target mobile consumers, but do consumers really want to be targeted?
“This round of funding places Cardagin in a strong financial position,” said Cardagin CEO Rob C. Masri. “Our company is built on meeting the needs and demands of a two-sided market.”
Cardagin expects to launch its platform in Charlottesville, VA this spring. We’ll be interested in seeing how well the platform goes over with businesses and their customers.
www.cardagin.com
Tags: Charlottesville, financing, IT, mobile marketing platform, telecom, VA
Posted in Internet/New Media, IT, Marketing, Money, Potomac, Virginia | No Comments »
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