| Southern Capitol Ventures Closes Second Fund |
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| 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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