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Southern Capitol Ventures Closes Second Fund

Friday, December 29, 2006 10:00:00 AM PDT | VentureDeal Staff

RALEIGH, NC --  Southern Capital Ventures has closed its second fund, drawing $15 million from a roster of individual investors and institutions.  Its first fund was $5 million and is fully invested.

According to a report in VentureWire, the firm will make about 12 investments of between $1 million and $1.5 million each and will focus on early stage opportunities.

Southern Capitol focuses mostly on software, healthcare IT, medical device and ecommerce companies located in the North Carolina region.

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