Southeast Interactive Technology Funds

Southeast Interactive Technology Funds was a venture capital firm established in 1995 and based in Morrisville, North Carolina, with an additional office in Redwood City, California. The firm specialized in investing in early, mid, and late-stage companies primarily within the information technology and communications sectors. Its investment focus included enterprise management and software, Internet infrastructure, telecommunications, and business services. The firm was particularly interested in innovations related to energy applications, advancements in computing efficiency, and ideas that enhanced data utility for businesses and consumers. Southeast Interactive Technology Funds aimed to lead or co-lead initial investments, primarily targeting companies based in the Southeastern United States. The firm was known for its proactive investment approach and strong partnerships with management teams. However, it is now out of business.

Rick Sears

General Partner

Past deals in North Carolina

Nitronex

Series B in 2001
Nitronex is a company specializing in the development and manufacturing of gallium nitride-on-silicon (GaN-on-Si) RF power devices. Founded in 1999 by graduates from North Carolina State University's wide bandgap program, the company is headquartered in Durham, North Carolina. Nitronex is recognized as a global leader in high-performance GaN-on-Si RF power devices, holding 21 patents with an additional 17 pending. The company's products are primarily aimed at wireless communications, solid-state lighting, and data storage applications, with a focus on wireless infrastructure, broadband, and military markets. Through its innovative technology, Nitronex provides RF power transistors that enhance the performance and efficiency of various electronic systems.

Nitronex

Series A in 2000
Nitronex is a company specializing in the development and manufacturing of gallium nitride-on-silicon (GaN-on-Si) RF power devices. Founded in 1999 by graduates from North Carolina State University's wide bandgap program, the company is headquartered in Durham, North Carolina. Nitronex is recognized as a global leader in high-performance GaN-on-Si RF power devices, holding 21 patents with an additional 17 pending. The company's products are primarily aimed at wireless communications, solid-state lighting, and data storage applications, with a focus on wireless infrastructure, broadband, and military markets. Through its innovative technology, Nitronex provides RF power transistors that enhance the performance and efficiency of various electronic systems.

Buildnet

Series C in 2000
Buildnet offers management software to homebuilders. Its product, BuildNet, Inc. Exchange, provides internet-based procurement, e-commerce, and information services to homebuilders, suppliers, and manufacturers. Buildnet is based in Durham, North Carolina, United States.

Accipiter

Series A in 1997
Accipiter offers online advertising solutions and services worldwide. It offers AdManager, an ad management solution that allows to increase targeting capabilities to speed ad delivery and to monitor and control inventory projections in real-time; Ad Trafficking, which provides AdManager hosted clients with outsourced and customized solution to administer the campaign management process; AdMarket, a real-time bid-for-placement technology enabling publishers to operate branded online advertising marketplaces and transact with advertisers who are requesting a pay-per-click pricing model; and Visitor Interest Behavioral Engine, a behavioral targeting solution that delivers promotions and content to interested prospects. Accipiter is based in Raleigh, North Carolina with an additional office in London, United Kingdom.

Accipiter

Seed Round in 1996
Accipiter offers online advertising solutions and services worldwide. It offers AdManager, an ad management solution that allows to increase targeting capabilities to speed ad delivery and to monitor and control inventory projections in real-time; Ad Trafficking, which provides AdManager hosted clients with outsourced and customized solution to administer the campaign management process; AdMarket, a real-time bid-for-placement technology enabling publishers to operate branded online advertising marketplaces and transact with advertisers who are requesting a pay-per-click pricing model; and Visitor Interest Behavioral Engine, a behavioral targeting solution that delivers promotions and content to interested prospects. Accipiter is based in Raleigh, North Carolina with an additional office in London, United Kingdom.
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