RESEARCH TRIANGLE PARK, N.C–(BUSINESS WIRE)–July 18, 2003–Southern Capitol Ventures announced today that it has completed fundraising activities for its initial venture fund, Southern CapitolTechnology Fund I. The Fund, which provides early stage investments to regional technology and life science firms, has invested in ChannelAdvisor, Batanga, FullSeven Technologies, as well as numerousother regional companies.<\/p>\n
“Southern Capitol Ventures was created to fill a growing void of early stage funding in the RTP regional market,” said Ben Brooks, Founding Partner of Southern Capitol Ventures. “Along the way, and with significant help from our active Advisory Board, we have worked to help redefine how early stage funds operate in this market. In addition to providing much needed funding, we believe venture firms should provide support in terms of long-term strategic planning, marketing and sales initiatives and business development programs.”<\/p>\n
The SouthCap Advisory Board contains leading RTP area executives including Tim Buckley – Chief Operating Officer for Red Hat, Inc., Dr. Al Childers – President of Administration for Cardinal Health Pharmaceutical Development, Jeff LeRose – President of Research Triangle Software and Marianna Suciu – Vice President of Government, Latin America and Canada Operations SAS Americas.<\/p>\n
“The SouthCap team contains some of the brightest minds in this market and we have been pleasantly surprised with the significant amount of ongoing support we receive from the Partners at Southern Capitol Ventures and their Advisors,” said Troy McConnell, CEO of Batanga. “With the support of Southern Capitol Ventures, we continue to aggressively increase our revenue.”<\/p>\n
“Southern Capitol Ventures has been an ardent supporter of our activities,” said Michael Jones, COO of ChannelAdvisor. “With a very engaging and unique approach to venture funding, SouthCap has positioned itself as one of the premiere early stage funds in the Southeast.”<\/p>\n
About Southern Capitol Ventures<\/p>\n
With a strong presence in Research Triangle Park, N.C., Southern Capitol Ventures provides capital to seed and early stage technology and life sciences companies in the Southeastern United States. Southern Capitol Ventures receives technical and financial support from the North Carolina Biotechnology Center. Through a wide range of strategic alliances, Southern Capitol Ventures has developed a network of angel investors, investment banking firms, industry professionals and venture capitalists. Select portfolio companies include ChannelAdvisor, Pinpoint Networks, FullSeven Technologies, Overture Networks and Batanga. For more information, please visit www.southerncapitolventures.com or call 919-858-7580.<\/p>\n","protected":false},"excerpt":{"rendered":"
RESEARCH TRIANGLE PARK, N.C–(BUSINESS WIRE)–July 18, 2003–Southern Capitol Ventures announced today that it has completed fundraising activities for its initial venture fund, Southern CapitolTechnology Fund I. The Fund, which provides early stage investments to regional technology and life science firms, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-485","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=485"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/485\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}