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TEXAS ENTREPRENEUR NETWORKS

FROM

2011With additional Q4 analysis

THE TEXAS ENTREPRENEUR NETWORKSSTARTUP EQUITY CAPITAL REPORT FOR EARLY STAGE COMPANIES

Texas Entrepreneur Networks

TxEN Startup Funding Report 2011Compiled by


Executive Summary

The Texas Entrepreneur Networks Startup Funding Report represents the equity investments made into Texas startup and early stage companies for 2011 with additional analysis on the fourth quarter of 2011.

2011 Trends in Sectors

Overall the leading category for funding sector in 2011 was Healthcare at $863M due both to a high number of deals (66) and to the several large investments such as SourceHOV at $645M in the North Texas region. Biotechnology followed with 45 deals at $474M where both high deal flow and a large investment, Reata Pharmaceutical which raised $300M pushed it up the list. Digital Media came in third with 66 deals and $469M in funding.

2011 Trends in Regions

The North Texas region came in the highest for funded deals in 2011 due to high deal flow and the presence of two large investments, SourceHOV ($625M) and Reata Pharmaceuticals ($300M). Central Texas comes in second with $952M followed by the Gulf Coast at $295M. In terms of deal flow, Central Texas is number one at 184 deals followed by the North Region at 116 and the Gulf Coast at 68. The average raise for a deal is $5M (In the North Region this number is skewed upwards by the two large investments).

4th Quarter comments

Overall Digital Media is the leading sector for funding in the 4th quarter with 28 deals valued at $256M. Central Texas is the leading region with $281M and North Texas at $148M.

Texas Startup Investment Trends

Capital efficient deals are the ones that continue to receive funding. The number of deals continues to increase while the dollar value of each deal continues to decrease. Syndication of deals continues to grow to include more investors and more types of investors. It’s not unusual to see individual investors, angel investors, venture capital, and family fund investors all in the same deal round.

Texas Startup Investment Forecast

There will be an increasing number of investors and entrepreneurs seeking investment from out of state regions. The Midwest and Southeast are two areas from which investors and deal flow come to Texas. Valuations and deal flow will increase in the top sectors such as healthcare, information technology, and mobile applications.


Business Filings

Business filings of new entities in the state of Texas in the 4th quarter reached 15,631 with North Texas at 36%, the Gulf Coast at 28%, and Central Texas at 19%, and South Texas at 12% and West Texas at 5%. This is down from 24,059 in the 3rd quarter and is a normal seasonal decline due to a focus in the 4th quarter on termination and merger filings rather than new business filings.

TxEN Funded Companies

Deals going through the TxEN Funding Forum series raised over $11M in 2011

Contact Us

For further information on funding in the state of Texas or to receive the analyzed data in spreadsheet format please contact us:

Hall T. Martin

Director, Texas Entrepreneur Networks

512-656-9487

[email protected]


mailto:[email protected]

mailto:[email protected]

Funded Companies by Sector 2011

Sector $(Millions) NumberHealthcare $863.70 66Biotechnology $474.06 45Digital Media $469.07 66Other $419.67 69Cleantech $173.93 19Information Technology $143.91 23Restaurants/Hospitality/Retailing $135.21 15Telecommunications $97.70 10Consumer Product $83.18 22Computer/Semiconductor $38.01 8Media $27.97 6Financial $19.58 11


Date Company Fund Raised Region Sector09/12/2011 Pharmaceutical Strategies Group, LLC -Gulf Coast Biotechnology07/13/2011 Reata Pharmaceuticals 300.0North Biotechnology05/27/2011 Neos Therapeutics Inc. 20.0North Biotechnology

10/26/2011Inova Labs, Inc. 17.5Central Biotechnology04/06/2011 MicroMed Cardiovascular, Inc. 12.0Gulf Coast Biotechnology02/04/2011 Innovapaedics, Inc. 10.78North Biotechnology07/29/2011 Asuragen, Inc. 10.0Central Biotechnology09/29/2011 CellTex Therapeutics Corp. 9.97Gulf Coast Biotechnology07/31/2011 PLx Pharma Inc. 7.0Gulf Coast Biotechnology05/20/2011 Aperion Biologics Corporation 6.0South Biotechnology07/27/2011 Bi02 Medical, Inc. 5.22South Biotechnology08/30/2011 LaserGen, Inc. 5.0Gulf Coast Biotechnology08/19/2011 Bi02 Medical, Inc. 4.58South Biotechnology12/14/2011 Moleculin 4.49Gulf Coast Biotechnology

11/10/2011ZS Pharma, Inc. 4.31North Biotechnology09/14/2011 MicroMed Cardiovascular, Inc. 4.28Gulf Coast Biotechnology03/03/2011 Moleculin, L.L.C. 4.0Gulf Coast Biotechnology

10/26/2011ENTrigue Surgical, Inc. 4South Biotechnology03/31/2011 Molecular Templates, Inc. 3.83North Biotechnology05/31/2011 Azaya Therapeutics Incorporated 3.5South Biotechnology12/13/2011 Micromed Cardiovascular, Inc. 3.18Gulf Coast Biotechnology07/19/2011 Audiotoniq, Inc. 3.05Central Biotechnology08/24/2011 Microdermis Corporation 2.9North Biotechnology05/31/2011 DJO Global, Inc 2.6Central Biotechnology05/20/2011 Cardiovascular Provider Resources, Inc. 2.51North Biotechnology04/28/2011 Speer Medical Devices, Inc. 2.5South Biotechnology08/29/2011 Electrochemical Oxygen Concepts Inc. 2.37South Biotechnology07/25/2011 Windmill Cardiovascular Systems, Inc. 2.2Central Biotechnology07/05/2011 Xeris Pharmaceuticals, Inc. 1.96Central Biotechnology05/02/2011 MedHab, LLC 1.8North Biotechnology

10/28/2011Marval Biosciences, Inc. 1.52Gulf Coast Biotechnology08/10/2011 Mirna Therapeutics, Inc. 1.5Central Biotechnology08/26/2011 OrthoAccel Technologies, Inc. 1.5Gulf Coast Biotechnology06/24/2011 Vital Art and Science Inc. 1.0North Biotechnology07/19/2011 SYNEO, LLC 1.0Gulf Coast Biotechnology

11/3/2011Eden Therapeutics Inc. 1Gulf Coast Biotechnology11/30/2011 Eden Therapeutics 1.0Gulf Coast Biotechnology01/31/2011 Austin CyberKnife, LLC 0.85Central Biotechnology04/23/2011 LaserGen, Inc. 0.75Gulf Coast Biotechnology05/05/2011 Microdermis Corporation 0.75North Biotechnology12/30/2011 Ortho Kinematics 0.605Central Biotechnology01/21/2011 DentLight, Inc. 0.5North Biotechnology05/27/2011 Grinbath LLC 0.3West Biotechnology09/19/2011 Cormedics Corporation 0.25Gulf Coast Biotechnology

11/23/2011Ideal Implant Incorporated 0.005North Biotechnology05/31/2011 Diamond Green Diesel, LLC -South Cleantech06/30/2011 TAS Energy Inc. -Gulf Coast Cleantech


09/09/2011 HelioVolt Corporation 84.96Central Cleantech06/20/2011 SolarBridge Technologies, Inc. 19.0Central Cleantech08/19/2011 Wistron Green Tech Corporation 18.4North Cleantech01/19/2011 HelioVolt Corporation 10.0Central Cleantech05/10/2011 Heliotronic Energy Systems, LLC 10.0North Cleantech07/19/2011 Nuventix, Inc. 10.0Central CleanTech09/01/2011 Zero Emission Energy Plants Ltd. 5.0Gulf Coast Cleantech

11/17/2011Servergy 4.06North Cleantech05/20/2011 Innovari, Inc. 4.0Central Cleantech05/31/2011 Glori Energy, Inc. 3.0Gulf Coast Cleantech08/05/2011 R-Qubed Energy Inc. 3.0West Cleantech07/21/2011 Zero Emission Energy Plants Ltd. 1.59Gulf Coast Cleantech01/19/2011 Green Revolution Cooling, Inc. 0.4Central Cleantech

11/22/2011Alternative Industrial Energy Systems, Inc. 0.3West Cleantech04/12/2011 Alternative Industrial Energy Systems, Inc. 0.12West Cleantech03/11/2011 Blue Wheel Technologies, Inc. 0.05Central Cleantech05/19/2011 Blue Wheel Technologies, Inc. 0.05Central Cleantech04/28/2011 NextIO, Inc. 12.23Central Computer/Semiconductor09/29/2011 Hie Electronics, Inc. 10.0North Computer/Semiconductor08/19/2011 MTPV LLC 8.5Central Computer/Semiconductor09/08/2011 AllComponents, Inc. 4.75Central Computer/Semiconductor03/25/2011 Richardsons Computer Consultants DBA VTD 1.0North Computer/Semiconductor

05/04/2011 VIDATRONIC, Inc. 0.8Gulf Coast Computer/Semiconductor02/25/2011 MTPV LLC 0.4Central Computer/Semiconductor08/19/2011 MTPV LLC 0.33Central Computer/Semiconductor02/02/2011 The SCOOTER Store, Ltd. -Central Consumer Products02/07/2011 Kiva Kitchen & Bath Holdings, LLC -Central Consumer Products05/31/2011 Illumitex, LLC 25.23Central Consumer Products06/09/2011 The SCOOTER Store, Ltd. 25.0Central Consumer Products06/30/2011 Hostess Brands, Inc. 10.0North Consumer Products06/08/2011 J. Hilburn, LLC 5.0North Consumer Products03/15/2011 Santo Spirits, Inc. 4.0Central Consumer Products07/14/2011 Tiff's Treats, LTD. 2.2Central Consumer Products05/13/2011 Igloo Products Corp. 2.0Gulf Coast Consumer Products04/18/2011 OTL Foods LLC 1.5Central Consumer Products04/26/2011 Freed Foods, LLC 1.5Central Consumer Products09/22/2011 Snowflex International, LLC 1.2North Consumer Products03/07/2011 ShaveLogic, Inc. 1.0North Consumer Products05/04/2011 Hyper Wear, Inc. 1.0Central Consumer Products

10/24/2011C&H Scientific, Inc. 0.7South Consumer Products10/26/2011BWBC, Inc. 0.6Central Consumer Products10/6/2011Heady Brewing Company, LLC 0.55Gulf Coast Consumer Products

05/27/2011 Little Products Co., LLC 0.5Gulf Coast Consumer Products07/20/2011 Atticus Brands, Inc. 0.5Central Consumer Products

11/17/2011Heatgenie 0.471Central Consumer Products03/28/2011 HTFU, LLC 0.2North Consumer Products11/30/2011 BWBC inc 0.025Central Consumer Products01/24/2011 Entreave, Inc. -Central Digital Media02/02/2011 Hellfire Games, Inc. -Central Digital Media05/01/2011 Spindletop Solutions LLC -Central Digital Media


06/01/2011 Portalarium, Inc. -Central Digital Media06/16/2011 Piryx, Inc. -Central Digital Media09/20/2011 e-Rewards, Inc. -North Digital Media

10/10/2011CollegeDegrees.com, LLC - Gulf Coast Digital Media10/19/2011OwnLocal, Inc. - Central Digital Media10/28/2011WhaleShark Media, Inc. 150Central Digital Media

05/26/2011 Mavenir Systems, Inc. 40.0North Digital Media05/05/2011 Cinsay, Inc. 18.49Central Digital Media08/12/2011 WhaleShark Media, Inc. 18.0Central Digital Media

10/25/2011Zaarly, Inc. 14.1Central Digital Media12/21/2011 Appconomy Inc. 12.91Central Digital Media09/23/2011 Spredfast 12.0Central Digital Media04/27/2011 ProspX, Inc. 10.0Central Digital Media05/20/2011 WhaleShark Media, Inc. 10.0Central Digital Media

10/24/2011MyEdu Corporation 10Central Digital Media11/23/2011Bloomfire, Inc. 10Central Digital Media

12/02/2011 Bloomfire 10.0Central Digital Media06/20/2011 Prodea Systems, Inc. 8.18North Digital Media04/06/2011 30 Second Software, Inc. 8.0Central Digital Media04/18/2011 30 Second Software, Inc. 8.0Central Digital Media

10/25/2011NutraSpace LLC 8North Digital Media08/26/2011 ShopSavvy Inc. 7.56North Digital Media01/27/2011 Socialware, Inc. 7.0Central Digital Media

11/25/2011Unwired Nation, Inc. 6.55Central Digital Media03/31/2011 GameSalad Inc. 6.1Central Digital Media

10/7/2011Youtoo Media LP 5North Digital Media10/10/2011Replay Games, Inc. 5Central Digital Media

01/21/2011 ReachForce, Inc. 4.77Central Digital Media10/12/2011Quarri Technologies, Inc. 4.6Central Digital Media

01/24/2011 LibreDigital, Inc. 4.05Central Digital Media01/24/2011 uShip, Inc. 4.05Central Digital Media07/27/2011 Kimbia, Inc. 4.0Central Digital Media09/13/2011 Cinsay, Inc. 4.0Central Digital Media

11/7/2011iVerse Media, LLC 4Central Digital Media04/29/2011 ATX Innovation, Inc. 3.7Central Digital Media02/28/2011 Simplifi Holdings, Inc. 3.43North Digital Media

11/1/2011Quarri Technologies, Inc. 3Gulf Coast Digital Media10/11/2011keepwheel, Inc. 2.56Central Digital Media

05/20/2011 Portalarium, Inc. 2.43Central Digital Media10/13/2011Telligent Systems, Inc. 2.2North Digital Media

02/01/2011 uStudio, Inc. 2.0Central Digital Media04/10/2011 Rosso Corporation 2.0Central Digital Media04/26/2011 Spredfast 2.0Central Digital Media07/27/2011 Koupon Media Inc. 2.0North Digital Media08/03/2011 3Seventy, Inc. 2.0Central Digital Media

10/31/2011RethinkBooks, Inc. 2North Digital Media11/14/2011Bypass Mobile, LLC 1.76Central Digital Media

08/11/2011 SpaceCraft, Inc. 1.35Central Digital Media09/12/2011 latakoo, Inc. 1.3Central Digital Media06/22/2011 NaturallyCurly.com, Inc. 1.2Central Digital Media


11/15/2011WP Engine, LLC. 1.2Central Digital Media10/11/2011DeviceFidelity, Inc. 1.1North Digital Media

03/25/2011 NaturallyCurly.com, Inc. 1.02Central Digital Media03/09/2011 Zaarly, Inc. 1.0Central Digital Media04/11/2011 Mashed Studios, Inc. 1.0North Digital Media05/03/2011 Varsity Media Group Inc. 1.0Central Digital Media06/01/2011 QGAC, Inc. 1.0Central Digital Media07/14/2011 SHOUTZ, INC. 1.0Central Digital Media07/21/2011 DietBet, Inc. 1.0South Digital Media08/01/2011 Appconomy Inc. 1.0Central Digital Media08/19/2011 Adealio LLC 1.0Central Digital Media09/12/2011 Tugg, Inc. 1.0Central Digital Media12/08/2011 Unwired Nation 1.0Central Digital Media02/07/2011 InXero, Inc. 0.8Central Digital Media06/30/2011 Midnight Studios, Inc. 0.76Central Digital Media03/25/2011 NutraSpace LLC 0.6North Digital Media

11/14/2011SalesVu, Inc. 0.6North Digital Media11/14/2011CanaryHop, Inc. 0.53Gulf Coast Digital Media

06/15/2011 Fat Boy Labs, Inc. 0.5North Digital Media08/26/2011 Rallyhood, LLC 0.5Central Digital Media06/15/2011 7 Billion People, Inc. 0.3Central Digital Media07/19/2011 iTaggit Inc. 0.3Central Digital Media11/30/2011 Volume 11 Media 0.27Central Digital Media04/18/2011 ZippyKid, Inc. 0.25South Digital Media

11/7/2011Background Spider, LLC 0.25North Digital Media11/16/2011Humanweb Networks 0.25Central Digital Media

09/24/2011 Yip Yap, Inc. 0.13Central Digital Media03/07/2011 Hurricane Party, Inc. 0.1Central Digital Media03/24/2011 Sumo Group, Inc. 0.1Central Digital Media02/21/2011 UCampus, LLC 0.06Central Digital Media07/11/2011 BigCommerce Pty. Ltd. 0.06North Digital Media12/08/2011 UCampus 0.06Central Digital Media01/03/2011 RockSauce Studios, LLC 0.03Central Digital Media09/13/2011 Gimme!Deals, LLC 0.01North Digital Media03/14/2011 Mozido, LLC -North Financial

12/5/2011Rêv Worldwide - Central Financial01/14/2011 FSV Payment Systems, Inc. 6.0Gulf Coast Financial06/13/2011 OneSource Virtual HR, Inc 5.0North Financial04/19/2011 Open Lending, Inc. 4.5Central Financial09/02/2011 Akimbo Financial, Inc. 2.55Central Financial

10/13/2011Strongroom Solutions, LLC 0.7Gulf Coast Financial02/01/2011 FRH Consumer Services, Inc. 0.48Central Financial08/12/2011 Gray Hawk Payment Technologies, Inc. 0.3Central Financial07/22/2011 Aqumin LLC 0.03Gulf Coast Financial05/11/2011 BizNet Software, Inc. 0.02North Financial01/21/2011 Cardon Healthcare Network, Inc. -Gulf Coast Healthcare02/16/2011 Valley Baptist Health System -South Healthcare03/31/2011 American Surgical Assistants, Inc. -Gulf Coast Healthcare05/09/2011 AirStrip Technologies, Inc. -South Healthcare06/07/2011 Net.Orange, Inc. -North Healthcare


08/30/2011 ZeOmega, Inc. -North Healthcare10/24/2011E4 Health Care, Inc. - North Healthcare12/3/2011SightLine Health, LLC - Gulf Coast Healthcare

05/02/2011 SourceHOV Inc. 625.0North Healthcare03/01/2011 Homecare Homebase, LLC 56.55North Healthcare01/14/2011 Emerus Hospital Partners LLC 30.0Gulf Coast Healthcare06/28/2011 ASC Acquisition LLC 25.5North Healthcare07/07/2011 Ascension Orthopedics, Inc. 20.39Central Healthcare08/25/2011 TelaDoc, Inc. 18.6North Healthcare02/22/2011 WhiteGlove House Call Health, Inc. 12.5Central Healthcare03/10/2011 Forest Park Medical Center, LLC 12.5North Healthcare12/15/2011 MedMark Services 11.0North Healthcare04/15/2011 Aspire Behavioral Health of Conroe, LLC 7.0Gulf Coast Healthcare01/14/2011 Net.Orange, Inc. 5.0North Healthcare

10/11/2011Hospital Investment Group, LLC 5North Healthcare05/10/2011 Chronicity, Inc. 4.0North Healthcare09/16/2011 TG Urgent Care, LP 3.61Central Healthcare

10/17/2011Digital Health Dialog LLC 3.4North Healthcare11/28/2011Altus Healthcare Management Services, Inc. 3Gulf Coast Healthcare

09/16/2011 Phytel, Inc. 2.0North Healthcare11/17/2011Biopsych Health Systems, Inc. 2Gulf Coast Healthcare

05/06/2011 Innovation Specialists LLC 1.5Gulf Coast Healthcare06/23/2011 Urgent Care for Kids, LLC 1.5North Healthcare03/31/2011 New Century Hospice, Inc. 1.3North Healthcare09/22/2011 New Century Hospice, Inc. 1.3North Healthcare05/16/2011 Grayson County Physicians Property, LLC 1.08North Healthcare05/05/2011 Essentia Pharma Mountain West, LLC 1.0Gulf Coast Healthcare01/04/2011 Catapult Health, LLC 0.8North Healthcare01/31/2011 Microsurgery Institute, LLC 0.75North Healthcare09/23/2011 ASC Acquisition LLC 0.75North Healthcare12/01/2011 Assured Pharmacy 0.74North Healthcare02/18/2011 Van Ackeren Consulting, LLC 0.7South Healthcare08/31/2011 Sterling Hospice Partners, L.P. 0.65North Healthcare03/21/2011 Electronic Compliance Solutions, Inc. 0.6South Healthcare08/08/2011 Catapult Health, LLC 0.6North Healthcare01/10/2011 Waldo Networks, Inc. 0.5Central Healthcare01/18/2011 The Surgery Center of Temple, LLC 0.35North Healthcare04/15/2011 OT EMR, Inc. 0.35North Healthcare05/26/2011 South Austin Surgery Center 0.35Central Healthcare01/31/2011 Austin Healthcare Equipment Company, LLC 0.25Central Healthcare07/01/2011 Louisville Urology Ventures LLC 0.23Central Healthcare07/31/2011 Greater Alabama Lithotripsy LLC 0.11Central Healthcare08/08/2011 Lithotripsy of Northern Indiana, LLC 0.11Central Healthcare09/13/2011 Greater Alabama Lithotripsy LLC 0.11Central Healthcare

10/28/2011Greater Alabama Lithotripsy LLC 0.11Central Healthcare11/20/2011MedPoint Health Partners, LLC 0.1Gulf Coast Healthcare

12/01/2011 MedPoint Health Partners, LLC 0.1Gulf Coast Healthcare07/29/2011 South Kansas Lithotripsy, LLP 0.08Central Healthcare12/05/2011 Biopsych Health Systems 0.075Gulf Coast Healthcare06/09/2011 Austin Center For Outpatient Surgery LP 0.07Central Healthcare


06/13/2011 Utah Lithotripsy L.P. 0.06Central Healthcare09/01/2011 TEXAS LITHOTRIPSY L P VIII 0.06Central Healthcare09/27/2011 Northwest Urological Services, LLC 0.06Central Healthcare04/15/2011 Treasure Valley Urology Services LLC 0.05Central Healthcare09/30/2011 Louisiana Lithotripsy Investment Ltd. Partnership 0.05Central Healthcare

11/4/2011Montana Urological Services LLC 0.05Central Healthcare11/4/2011Treasure Valley Urology Services LLC 0.05Central Healthcare

09/14/2011 Prime Kidney Stone Treatment, Inc 0.04Central Healthcare01/13/2011 Promobile Therapies, LLC 0.02Central Healthcare02/28/2011 Mid-Atlantic Mobile Lithotripsy, L.L.C. 0.02Central Healthcare08/29/2011 Buckeye Urological Services LP 0.02Central Healthcare06/22/2011 LiquidFrameworks, Inc. -Gulf Coast Information Technology09/21/2011 Thinkspeed Research, LLC -Central Information Technology02/09/2011 Cinsay, Inc. 40.0Central Information Technology04/28/2011 Spiceworks, Inc. 25.0Central Information Technology03/28/2011 Alert Logic, Inc. 12.6Gulf Coast Information Technology09/21/2011 DataStax 11.0Central Information Technology06/10/2011 Macheen, Inc. 10.0Central Information Technology09/07/2011 FireHost, Inc. 10.0North Information Technology07/14/2011 Ziften Technologies, Inc. 5.8Central Information Technology01/21/2011 Cinsay, Inc. 5.76Central Information Technology04/29/2011 FireHost, Inc. 5.0North Information Technology

10/5/2011Uplogix, Inc. 4.3Central Information Technology05/26/2011 Vedero Software LLC 2.5North Information Technology04/05/2011 Spanning Cloud Apps, Inc. 2.0Central Information Technology07/11/2011 CopperEgg Corporation 2.0Central Information Technology04/04/2011 WDT Acquisition Corp. 1.5North Information Technology12/12/2011 Outbox 1.5Central Information Technology07/13/2011 Uplogix, Inc. 1.2Central Information Technology08/26/2011 Uplogix, Inc. 1.2Central Information Technology07/25/2011 9Star Research Inc. 1.0Central Information Technology05/18/2011 Secure Axcess, LLC 0.75North Information Technology07/15/2011 Wisegate, Inc. 0.6Central Information Technology07/20/2011 CipherPoint Software, Inc. 0.2Central Information Technology03/11/2011 Margate House Film Partners I, LLC 20.0North Media09/26/2011 Green Media, LLC 5.0North Media09/08/2011 Patriot Act Movie, L.L.C. 2.3Gulf Coast Media09/01/2011 Boxstar Media Group LLC 0.65North Media07/04/2011 Tribe Films, LLC 0.02North Media07/28/2011 Greenleaf Book Group, LLC -Central Media01/06/2011 On Computer Services, L.L.C. -North Other02/14/2011 Paragon GPS, Inc. -Central Other02/14/2011 Datascan LP -North Other02/22/2011 InView Technology Corporation -Central Other02/24/2011 Seal Industries, Inc. -Gulf Coast Other03/25/2011 Applied Consultants Inc. -North Other03/31/2011 Evergreen Industrial Services, Inc. -Gulf Coast Other05/17/2011 B. S. & S. Services, Inc. -North Other05/31/2011 Magnablend, Inc. -North Other

11/3/2011G.E.T. Enterprises, Inc. - Gulf Coast Other


11/8/2011VRTX Technologies, LLC - South Other11/30/2011Morrison Supply Company, LLC - North Other

05/31/2011 JSW Steel Holding (USA) Inc. 71.0Gulf Coast Other06/30/2011 Texas Competitive Electric Holdings Company LLC. 50.0North Other

07/06/2011 Hart InterCivic, Inc. 42.0Central Other11/8/2011eRecyclingCorps, LLC 35North Other

02/15/2011 Coach America Group, Inc. 25.0North Other02/24/2011 Neutex Advanced Energy Group, Inc. 20.0Gulf Coast Other06/24/2011 Xtreme Power, Inc. 19.06Central Other02/02/2011 Carbonyx International USA, Inc. 15.0North Other07/31/2011 BigCommerce Pty. Ltd. 15.0Central Other07/05/2011 Senscient, Inc. 11.77Gulf Coast Other06/27/2011 Produced Water Absorbents, Inc. 11.0Gulf Coast Other

12/7/2011Trinity Consultants, Inc. 8.2North Other02/03/2011 Principle Environmental, LLC 7.5North Other06/15/2011 Paragon GPS, Inc. 7.5North Other

11/1/2011Noesis Energy, Inc. 6.5Central Other04/18/2011 OnAsset Intelligence, Inc. 6.0North Other06/27/2011 Apache Innovations, L.P. 5.5Central Other08/01/2011 Dependable Auto Shippers, Inc. 5.4North Other

12/1/2011Berry Aviation, Inc. 4.3Central Other10/31/2011Oxane Materials, Inc. 4.047Gulf Coast Other

02/09/2011 Boundless Network, Inc. 4.0Central Other06/09/2011 BuildFax, LLC 4.0Central Other09/16/2011 FibeRio Technology Corporation 3.64South Other02/08/2011 Noesis Energy, Inc 3.59Central Other03/31/2011 Southwaste Services, Inc. 3.5Gulf Coast Other01/26/2011 R-Qubed Energy Inc. 3.0West Other02/09/2011 EnLink Geoenergy Services, Inc. 3.0Gulf Coast Other08/05/2011 Snoball, LLC 2.5Gulf Coast Other

10/7/2011Materials Science Technology, Inc. 2.5Gulf Coast Other11/21/2011EnTouch Controls, Inc. 2North Other

06/10/2011 Authentix Acquisition Company, Inc. 1.98North Other05/31/2011 Georgetown Rail Equipment Company 1.61Central Other03/07/2011 Zebra Imaging, Inc. 1.5Central Other05/03/2011 Smartfield, Inc. 1.35West Other06/17/2011 Green Tide Water Disposal, Ltd. 1.2Central Other03/22/2011 Trivie, Inc. 1.0North Other04/25/2011 Produ Clear, Incorporated 1.0Gulf Coast Other

11/3/2011EnTouch Controls, Inc. 1North Other11/28/2011Smart OES LLC 1Gulf Coast Other

09/30/2011 Georgetown Rail Equipment Company 0.83Central Other05/21/2011 Omni Water Solutions LLC 0.8Central Other05/26/2011 HerdX, Inc. 0.75South Other

11/23/2011TalentGuard Holdings 0.518Central Other04/13/2011 Nanovapor, Inc. 0.5Gulf Coast Other06/13/2011 FloTime LLC 0.5Central Other

11/10/2011Berry Aviation, Inc. 0.5Central Other04/14/2011 Continual Movement, Inc. 0.45North Other04/11/2011 Davidson Dynamics, LLC 0.39Gulf Coast Other


02/17/2011 Smart OES LLC 0.25Gulf Coast Other08/17/2011 Don't Tell My Wife Stables 2011 LLC 0.23North Other06/27/2011 Compliance Toxicology, LLC 0.2Gulf Coast Other09/22/2011 Pro Hoop Strength L.L.C. 0.2South Other01/14/2011 Smart OES LLC 0.15Gulf Coast Other

11/14/2011Green Revolution Cooling, Inc. 0.1Central Other12/21/2011 Rebirth Partners 0.1North Other12/19/2011 1Spire 0.03Gulf Coast Other

11/7/2011National Roofing Partners, LLC 0.02North Other10/5/2011Black Pearls Southern Cuisine & Piano Bar Inc. 50North Restaurants/Hospitality/Retailing

04/21/2011 Deli Management, Inc. 19.25Gulf Coast Restaurants/Hospitality/Retailing07/18/2011 indoorDIRECT, Inc. 18.22North Restaurants/Hospitality/Retailing03/15/2011 Alon Brands, Inc. 18.0North Restaurants/Hospitality/Retailing

10/1/2011Southern Star Courts I, LP 8.33Central Restaurants/Hospitality/Retailing02/28/2011 TreeHouse, Inc. 7.2South Restaurants/Hospitality/Retailing

11/21/2011GMI-MUELLER Hospitality, LP 4.31North Restaurants/Hospitality/Retailing07/12/2011 Hospitality Investors Inc. 3.5Central Restaurants/Hospitality/Retailing04/05/2011 TCBH, Inc. 2.0Gulf Coast Restaurants/Hospitality/Retailing

10/4/2011Sports & Music One Live LP 1.5Central Restaurants/Hospitality/Retailing04/07/2011 Sweat H&F, LLC 0.75North Restaurants/Hospitality/Retailing01/11/2011 CSL Sugarland, LLC 0.7Gulf Coast Restaurants/Hospitality/Retailing05/27/2011 Travis Group, LP 0.54North Restaurants/Hospitality/Retailing08/09/2011 League of Lakeway, LLC 0.48Central Restaurants/Hospitality/Retailing08/18/2011 Fruition Restaurants, LP 0.33North Restaurants/Hospitality/Retailing05/10/2011 Hillside Farmacy, Inc. 0.1Central Restaurants/Hospitality/Retailing03/08/2011 XtendWave, Inc. -Central Telecommunications09/23/2011 Xtera Communications, Inc. 29.43North Telecommunications08/11/2011 Airband Communications, Inc. 20.0Central Telecommunications04/22/2011 Xtera Communications, Inc. 15.84North Telecommunications07/12/2011 NewComLink, Inc. 10.22Central Telecommunications02/28/2011 CoreXchange, Inc. 8.9North Telecommunications04/12/2011 NetSocket, Inc. 4.76North Telecommunications04/01/2011 Tango Networks, Inc. 4.5North Telecommunications07/18/2011 AirWalk Communications, Inc. 3.0North Telecommunications06/29/2011 Adaptix, Inc. 1.05North Telecommunications


Funded Companies by Region 2011

Value of TransactionsValue of TransactionsValue of TransactionsValue of Transactions

2011 CentralCentral Gulf North South South WestWest TotalTotal

Q1 $115.40$115.40 $80.20 $193.99 $8.50$8.50 $3.00$3.00 $401.09$401.09

Q2 $235.79$235.79 $133.89 $866.31 $13.00$13.00 $1.77$1.77 $1,250.76$1,250.76

Q3 $320.28$320.28 $52.19 $438.31 $17.01$17.01 $3.00$3.00 $830.79$830.79

Q4 $281.22$281.22 $28.82 $148.30 $4.70$4.70 $0.30$0.30 $463.34$463.34

Total $952.69$952.69 $295.10 $1,646.91 $43.21$43.21 $8.07$8.07 $2,945.98$2,945.98

Number of TransactionsNumber of TransactionsNumber of TransactionsNumber of Transactions

2011 CentralCentral Gulf North South South WestWest TotalTotal

Q1 3737 14 26 44 11 8282

Q2 4343 19 38 77 33 110110

Q3 5757 14 28 66 11 106106

Q4 4747 21 24 33 11 9696

Total 184184 68 116 2020 66 394394

Average Raise per DealAverage Raise per DealAverage Raise per DealAverage Raise per Deal

2011 CentralCentral Gulf North South South WestWest


Q1 $3.12$3.12 $5.73 $7.46 $2.13$2.13 $3.00$3.00

Q2 $5.48$5.48 $7.05 $22.80 $1.86$1.86 $0.59$0.59

Q3 $5.62$5.62 $3.73 $15.65 $2.84$2.84 $3.00$3.00

Q4 $5.98$5.98 $1.37 $6.18 $1.57$1.57 $0.30$0.30

DateDate Company Company Company Company Fund RaisedFund Raised RegionRegionRegion SectorSector01/24/201101/24/2011 Entreave, Inc.Entreave, Inc.Entreave, Inc.Entreave, Inc. --CentralCentralCentral Digital MediaDigital Media02/02/201102/02/2011 The SCOOTER Store, Ltd.The SCOOTER Store, Ltd.The SCOOTER Store, Ltd.The SCOOTER Store, Ltd. --CentralCentralCentral Consumer ProductsConsumer Products02/02/201102/02/2011 Hellfire Games, Inc.Hellfire Games, Inc.Hellfire Games, Inc.Hellfire Games, Inc. --CentralCentralCentral Digital MediaDigital Media02/07/201102/07/2011 Kiva Kitchen & Bath Holdings, LLCKiva Kitchen & Bath Holdings, LLCKiva Kitchen & Bath Holdings, LLCKiva Kitchen & Bath Holdings, LLC --CentralCentralCentral Consumer ProductsConsumer Products02/14/201102/14/2011 Paragon GPS, Inc.Paragon GPS, Inc.Paragon GPS, Inc.Paragon GPS, Inc. --CentralCentralCentral OtherOther02/22/201102/22/2011 InView Technology CorporationInView Technology CorporationInView Technology CorporationInView Technology Corporation --CentralCentralCentral OtherOther03/08/201103/08/2011 XtendWave, Inc.XtendWave, Inc.XtendWave, Inc.XtendWave, Inc. --CentralCentralCentral TelecommunicationsTelecommunications02/09/201102/09/2011 Cinsay, Inc.Cinsay, Inc.Cinsay, Inc.Cinsay, Inc. 40.040.0CentralCentralCentral Information TechnologyInformation Technology02/22/201102/22/2011 WhiteGlove House Call Health, Inc.WhiteGlove House Call Health, Inc.WhiteGlove House Call Health, Inc.WhiteGlove House Call Health, Inc. 12.512.5CentralCentralCentral HealthcareHealthcare01/19/201101/19/2011 HelioVolt CorporationHelioVolt CorporationHelioVolt CorporationHelioVolt Corporation 10.010.0CentralCentralCentral CleantechCleantech01/27/201101/27/2011 Socialware, Inc.Socialware, Inc.Socialware, Inc.Socialware, Inc. 7.07.0CentralCentralCentral Digital MediaDigital Media03/31/201103/31/2011 GameSalad Inc.GameSalad Inc.GameSalad Inc.GameSalad Inc. 6.16.1CentralCentralCentral Digital MediaDigital Media01/21/201101/21/2011 Cinsay, Inc.Cinsay, Inc.Cinsay, Inc.Cinsay, Inc. 5.765.76CentralCentralCentral Information TechnologyInformation Technology01/21/201101/21/2011 ReachForce, Inc.ReachForce, Inc.ReachForce, Inc.ReachForce, Inc. 4.774.77CentralCentralCentral Digital MediaDigital Media01/24/201101/24/2011 LibreDigital, Inc.LibreDigital, Inc.LibreDigital, Inc.LibreDigital, Inc. 4.054.05CentralCentralCentral Digital MediaDigital Media01/24/201101/24/2011 uShip, Inc.uShip, Inc.uShip, Inc.uShip, Inc. 4.054.05CentralCentralCentral Digital MediaDigital Media02/09/201102/09/2011 Boundless Network, Inc.Boundless Network, Inc.Boundless Network, Inc.Boundless Network, Inc. 4.04.0CentralCentralCentral OtherOther03/15/201103/15/2011 Santo Spirits, Inc.Santo Spirits, Inc.Santo Spirits, Inc.Santo Spirits, Inc. 4.04.0CentralCentralCentral Consumer ProductsConsumer Products02/08/201102/08/2011 Noesis Energy, IncNoesis Energy, IncNoesis Energy, IncNoesis Energy, Inc 3.593.59CentralCentralCentral OtherOther02/01/201102/01/2011 uStudio, Inc.uStudio, Inc.uStudio, Inc.uStudio, Inc. 2.02.0CentralCentralCentral Digital MediaDigital Media03/07/201103/07/2011 Zebra Imaging, Inc.Zebra Imaging, Inc.Zebra Imaging, Inc.Zebra Imaging, Inc. 1.51.5CentralCentralCentral OtherOther03/25/201103/25/2011 NaturallyCurly.com, Inc.NaturallyCurly.com, Inc.NaturallyCurly.com, Inc.NaturallyCurly.com, Inc. 1.021.02CentralCentralCentral Digital MediaDigital Media03/09/201103/09/2011 Zaarly, Inc.Zaarly, Inc.Zaarly, Inc.Zaarly, Inc. 1.01.0CentralCentralCentral Digital MediaDigital Media01/31/201101/31/2011 Austin CyberKnife, LLCAustin CyberKnife, LLCAustin CyberKnife, LLCAustin CyberKnife, LLC 0.850.85CentralCentralCentral BiotechnologyBiotechnology02/07/201102/07/2011 InXero, Inc.InXero, Inc.InXero, Inc.InXero, Inc. 0.80.8CentralCentralCentral Digital MediaDigital Media01/10/201101/10/2011 Waldo Networks, Inc.Waldo Networks, Inc.Waldo Networks, Inc.Waldo Networks, Inc. 0.50.5CentralCentralCentral HealthcareHealthcare02/01/201102/01/2011 FRH Consumer Services, Inc.FRH Consumer Services, Inc.FRH Consumer Services, Inc.FRH Consumer Services, Inc. 0.480.48CentralCentralCentral FinancialFinancial01/19/201101/19/2011 Green Revolution Cooling, Inc.Green Revolution Cooling, Inc.Green Revolution Cooling, Inc.Green Revolution Cooling, Inc. 0.40.4CentralCentralCentral CleantechCleantech02/25/201102/25/2011 MTPV LLCMTPV LLCMTPV LLCMTPV LLC 0.40.4CentralCentralCentral Computer/SemiconductorComputer/Semiconductor01/31/201101/31/2011 Austin Healthcare Equipment Company, LLCAustin Healthcare Equipment Company, LLCAustin Healthcare Equipment Company, LLCAustin Healthcare Equipment Company, LLC 0.250.25CentralCentralCentral HealthcareHealthcare03/07/201103/07/2011 Hurricane Party, Inc.Hurricane Party, Inc.Hurricane Party, Inc.Hurricane Party, Inc. 0.10.1CentralCentralCentral Digital MediaDigital Media03/24/201103/24/2011 Sumo Group, Inc.Sumo Group, Inc.Sumo Group, Inc.Sumo Group, Inc. 0.10.1CentralCentralCentral Digital MediaDigital Media02/21/201102/21/2011 UCampus, LLCUCampus, LLCUCampus, LLCUCampus, LLC 0.060.06CentralCentralCentral Digital MediaDigital Media03/11/201103/11/2011 Blue Wheel Technologies, Inc.Blue Wheel Technologies, Inc.Blue Wheel Technologies, Inc.Blue Wheel Technologies, Inc. 0.050.05CentralCentralCentral CleantechCleantech01/13/201101/13/2011 Promobile Therapies, LLCPromobile Therapies, LLCPromobile Therapies, LLCPromobile Therapies, LLC 0.020.02CentralCentralCentral HealthcareHealthcare02/28/201102/28/2011 Mid-Atlantic Mobile Lithotripsy, L.L.C.Mid-Atlantic Mobile Lithotripsy, L.L.C.Mid-Atlantic Mobile Lithotripsy, L.L.C.Mid-Atlantic Mobile Lithotripsy, L.L.C. 0.020.02CentralCentralCentral HealthcareHealthcare01/03/201101/03/2011 RockSauce Studios, LLCRockSauce Studios, LLCRockSauce Studios, LLCRockSauce Studios, LLC 0.030.03Central Central Central Digital MediaDigital Media01/21/201101/21/2011 Cardon Healthcare Network, Inc.Cardon Healthcare Network, Inc.Cardon Healthcare Network, Inc.Cardon Healthcare Network, Inc. --Gulf CoastGulf CoastGulf Coast HealthcareHealthcare02/24/201102/24/2011 Seal Industries, Inc.Seal Industries, Inc.Seal Industries, Inc.Seal Industries, Inc. --Gulf CoastGulf CoastGulf Coast OtherOther03/31/201103/31/2011 Evergreen Industrial Services, Inc.Evergreen Industrial Services, Inc.Evergreen Industrial Services, Inc.Evergreen Industrial Services, Inc. --Gulf CoastGulf CoastGulf Coast OtherOther


03/31/201103/31/2011 American Surgical Assistants, Inc.American Surgical Assistants, Inc.American Surgical Assistants, Inc.American Surgical Assistants, Inc. --Gulf CoastGulf CoastGulf Coast HealthcareHealthcare01/14/201101/14/2011 Emerus Hospital Partners LLCEmerus Hospital Partners LLCEmerus Hospital Partners LLCEmerus Hospital Partners LLC 30.030.0Gulf CoastGulf CoastGulf Coast HealthcareHealthcare02/24/201102/24/2011 Neutex Advanced Energy Group, Inc.Neutex Advanced Energy Group, Inc.Neutex Advanced Energy Group, Inc.Neutex Advanced Energy Group, Inc. 20.020.0Gulf CoastGulf CoastGulf Coast OtherOther03/28/201103/28/2011 Alert Logic, Inc.Alert Logic, Inc.Alert Logic, Inc.Alert Logic, Inc. 12.612.6Gulf CoastGulf CoastGulf Coast Information TechnologyInformation Technology01/14/201101/14/2011 FSV Payment Systems, Inc.FSV Payment Systems, Inc.FSV Payment Systems, Inc.FSV Payment Systems, Inc. 6.06.0Gulf CoastGulf CoastGulf Coast FinancialFinancial03/03/201103/03/2011 Moleculin, L.L.C.Moleculin, L.L.C.Moleculin, L.L.C.Moleculin, L.L.C. 4.04.0Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology03/31/201103/31/2011 Southwaste Services, Inc.Southwaste Services, Inc.Southwaste Services, Inc.Southwaste Services, Inc. 3.53.5Gulf CoastGulf CoastGulf Coast OtherOther02/09/201102/09/2011 EnLink Geoenergy Services, Inc.EnLink Geoenergy Services, Inc.EnLink Geoenergy Services, Inc.EnLink Geoenergy Services, Inc. 3.03.0Gulf CoastGulf CoastGulf Coast OtherOther01/11/201101/11/2011 CSL Sugarland, LLCCSL Sugarland, LLCCSL Sugarland, LLCCSL Sugarland, LLC 0.70.7Gulf CoastGulf CoastGulf Coast Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing02/17/201102/17/2011 Smart OES LLCSmart OES LLCSmart OES LLCSmart OES LLC 0.250.25Gulf CoastGulf CoastGulf Coast OtherOther01/14/201101/14/2011 Smart OES LLCSmart OES LLCSmart OES LLCSmart OES LLC 0.150.15Gulf CoastGulf CoastGulf Coast OtherOther01/06/201101/06/2011 On Computer Services, L.L.C.On Computer Services, L.L.C.On Computer Services, L.L.C.On Computer Services, L.L.C. --NorthNorthNorth OtherOther02/14/201102/14/2011 Datascan LPDatascan LPDatascan LPDatascan LP --NorthNorthNorth OtherOther03/14/201103/14/2011 Mozido, LLCMozido, LLCMozido, LLCMozido, LLC --NorthNorthNorth FinancialFinancial03/25/201103/25/2011 Applied Consultants Inc.Applied Consultants Inc.Applied Consultants Inc.Applied Consultants Inc. --NorthNorthNorth OtherOther03/01/201103/01/2011 Homecare Homebase, LLCHomecare Homebase, LLCHomecare Homebase, LLCHomecare Homebase, LLC 56.5556.55NorthNorthNorth HealthcareHealthcare02/15/201102/15/2011 Coach America Group, Inc.Coach America Group, Inc.Coach America Group, Inc.Coach America Group, Inc. 25.025.0NorthNorthNorth OtherOther03/11/201103/11/2011 Margate House Film Partners I, LLCMargate House Film Partners I, LLCMargate House Film Partners I, LLCMargate House Film Partners I, LLC 20.020.0NorthNorthNorth MediaMedia03/15/201103/15/2011 Alon Brands, Inc.Alon Brands, Inc.Alon Brands, Inc.Alon Brands, Inc. 18.018.0NorthNorthNorth Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing02/02/201102/02/2011 Carbonyx International USA, Inc.Carbonyx International USA, Inc.Carbonyx International USA, Inc.Carbonyx International USA, Inc. 15.015.0NorthNorthNorth OtherOther03/10/201103/10/2011 Forest Park Medical Center, LLCForest Park Medical Center, LLCForest Park Medical Center, LLCForest Park Medical Center, LLC 12.512.5NorthNorthNorth HealthcareHealthcare02/04/201102/04/2011 Innovapaedics, Inc.Innovapaedics, Inc.Innovapaedics, Inc.Innovapaedics, Inc. 10.7810.78NorthNorthNorth BiotechnologyBiotechnology02/28/201102/28/2011 CoreXchange, Inc.CoreXchange, Inc.CoreXchange, Inc.CoreXchange, Inc. 8.98.9NorthNorthNorth TelecommunicationsTelecommunications02/03/201102/03/2011 Principle Environmental, LLCPrinciple Environmental, LLCPrinciple Environmental, LLCPrinciple Environmental, LLC 7.57.5NorthNorthNorth OtherOther01/14/201101/14/2011 Net.Orange, Inc.Net.Orange, Inc.Net.Orange, Inc.Net.Orange, Inc. 5.05.0NorthNorthNorth HealthcareHealthcare03/31/201103/31/2011 Molecular Templates, Inc.Molecular Templates, Inc.Molecular Templates, Inc.Molecular Templates, Inc. 3.833.83NorthNorthNorth BiotechnologyBiotechnology02/28/201102/28/2011 Simplifi Holdings, Inc.Simplifi Holdings, Inc.Simplifi Holdings, Inc.Simplifi Holdings, Inc. 3.433.43NorthNorthNorth Digital MediaDigital Media03/31/201103/31/2011 New Century Hospice, Inc.New Century Hospice, Inc.New Century Hospice, Inc.New Century Hospice, Inc. 1.31.3NorthNorthNorth HealthcareHealthcare03/07/201103/07/2011 ShaveLogic, Inc.ShaveLogic, Inc.ShaveLogic, Inc.ShaveLogic, Inc. 1.01.0NorthNorthNorth Consumer ProductsConsumer Products03/22/201103/22/2011 Trivie, Inc.Trivie, Inc.Trivie, Inc.Trivie, Inc. 1.01.0NorthNorthNorth OtherOther03/25/201103/25/2011 Richardsons Computer Consultants DBA VTDRichardsons Computer Consultants DBA VTDRichardsons Computer Consultants DBA VTDRichardsons Computer Consultants DBA VTD 1.01.0NorthNorthNorth ComputerComputer

01/04/201101/04/2011 Catapult Health, LLCCatapult Health, LLCCatapult Health, LLCCatapult Health, LLC 0.80.8NorthNorthNorth HealthcareHealthcare01/31/201101/31/2011 Microsurgery Institute, LLCMicrosurgery Institute, LLCMicrosurgery Institute, LLCMicrosurgery Institute, LLC 0.750.75NorthNorthNorth HealthcareHealthcare03/25/201103/25/2011 NutraSpace LLCNutraSpace LLCNutraSpace LLCNutraSpace LLC 0.60.6NorthNorthNorth Digital MediaDigital Media01/21/201101/21/2011 DentLight, Inc.DentLight, Inc.DentLight, Inc.DentLight, Inc. 0.50.5NorthNorthNorth BiotechnologyBiotechnology01/18/201101/18/2011 The Surgery Center of Temple, LLCThe Surgery Center of Temple, LLCThe Surgery Center of Temple, LLCThe Surgery Center of Temple, LLC 0.350.35NorthNorthNorth HealthcareHealthcare03/28/201103/28/2011 HTFU, LLCHTFU, LLCHTFU, LLCHTFU, LLC 0.20.2NorthNorthNorth Consumer ProductsConsumer Products02/16/201102/16/2011 Valley Baptist Health SystemValley Baptist Health SystemValley Baptist Health SystemValley Baptist Health System --SouthSouthSouth HealthcareHealthcare02/28/201102/28/2011 TreeHouse, Inc.TreeHouse, Inc.TreeHouse, Inc.TreeHouse, Inc. 7.27.2SouthSouthSouth Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing02/18/201102/18/2011 Van Ackeren Consulting, LLCVan Ackeren Consulting, LLCVan Ackeren Consulting, LLCVan Ackeren Consulting, LLC 0.70.7SouthSouthSouth HealthcareHealthcare03/21/201103/21/2011 Electronic Compliance Solutions, Inc.Electronic Compliance Solutions, Inc.Electronic Compliance Solutions, Inc.Electronic Compliance Solutions, Inc. 0.60.6SouthSouthSouth HealthcareHealthcare01/26/201101/26/2011 R-Qubed Energy Inc.R-Qubed Energy Inc.R-Qubed Energy Inc.R-Qubed Energy Inc. 3.03.0WestWestWest OtherOther

$401.09$401.09TotalTotalTotal

DateDate Company Company Company Company Fund RaisedFund Raised RegionRegionRegion SectorSector05/01/201105/01/2011 Spindletop Solutions LLCSpindletop Solutions LLCSpindletop Solutions LLCSpindletop Solutions LLC --CentralCentralCentral Digital MediaDigital Media06/01/201106/01/2011 Portalarium, Inc.Portalarium, Inc.Portalarium, Inc.Portalarium, Inc. --CentralCentralCentral Digital MediaDigital Media06/16/201106/16/2011 Piryx, Inc.Piryx, Inc.Piryx, Inc.Piryx, Inc. --CentralCentralCentral Digital MediaDigital Media05/31/201105/31/2011 Illumitex, LLCIllumitex, LLCIllumitex, LLCIllumitex, LLC 25.2325.23CentralCentralCentral Consumer ProductsConsumer Products04/28/201104/28/2011 Spiceworks, Inc.Spiceworks, Inc.Spiceworks, Inc.Spiceworks, Inc. 25.025.0CentralCentralCentral Information TechnologyInformation Technology


06/09/201106/09/2011 The SCOOTER Store, Ltd.The SCOOTER Store, Ltd.The SCOOTER Store, Ltd.The SCOOTER Store, Ltd. 25.025.0CentralCentralCentral Consumer ProductsConsumer Products06/24/201106/24/2011 Xtreme Power, Inc.Xtreme Power, Inc.Xtreme Power, Inc.Xtreme Power, Inc. 19.0619.06CentralCentralCentral OtherOther06/20/201106/20/2011 SolarBridge Technologies, Inc.SolarBridge Technologies, Inc.SolarBridge Technologies, Inc.SolarBridge Technologies, Inc. 19.019.0CentralCentralCentral CleantechCleantech05/05/201105/05/2011 Cinsay, Inc.Cinsay, Inc.Cinsay, Inc.Cinsay, Inc. 18.4918.49CentralCentralCentral Digital MediaDigital Media04/28/201104/28/2011 NextIO, Inc.NextIO, Inc.NextIO, Inc.NextIO, Inc. 12.2312.23CentralCentralCentral Computer/SemiconductorComputer/Semiconductor04/27/201104/27/2011 ProspX, Inc.ProspX, Inc.ProspX, Inc.ProspX, Inc. 10.010.0CentralCentralCentral Digital MediaDigital Media05/20/201105/20/2011 WhaleShark Media, Inc.WhaleShark Media, Inc.WhaleShark Media, Inc.WhaleShark Media, Inc. 10.010.0CentralCentralCentral Digital MediaDigital Media06/10/201106/10/2011 Macheen, Inc.Macheen, Inc.Macheen, Inc.Macheen, Inc. 10.010.0CentralCentralCentral Information TechnologyInformation Technology04/06/201104/06/2011 30 Second Software, Inc.30 Second Software, Inc.30 Second Software, Inc.30 Second Software, Inc. 8.08.0CentralCentralCentral Digital MediaDigital Media04/18/201104/18/2011 30 Second Software, Inc.30 Second Software, Inc.30 Second Software, Inc.30 Second Software, Inc. 8.08.0CentralCentralCentral Digital MediaDigital Media06/27/201106/27/2011 Apache Innovations, L.P.Apache Innovations, L.P.Apache Innovations, L.P.Apache Innovations, L.P. 5.55.5CentralCentralCentral OtherOther04/19/201104/19/2011 Open Lending, Inc.Open Lending, Inc.Open Lending, Inc.Open Lending, Inc. 4.54.5CentralCentralCentral FinancialFinancial05/20/201105/20/2011 Innovari, Inc.Innovari, Inc.Innovari, Inc.Innovari, Inc. 4.04.0CentralCentralCentral CleantechCleantech06/09/201106/09/2011 BuildFax, LLCBuildFax, LLCBuildFax, LLCBuildFax, LLC 4.04.0CentralCentralCentral OtherOther04/29/201104/29/2011 ATX Innovation, Inc.ATX Innovation, Inc.ATX Innovation, Inc.ATX Innovation, Inc. 3.73.7CentralCentralCentral Digital MediaDigital Media05/31/201105/31/2011 DJO Global, IncDJO Global, IncDJO Global, IncDJO Global, Inc 2.62.6CentralCentralCentral BiotechnologyBiotechnology05/20/201105/20/2011 Portalarium, Inc.Portalarium, Inc.Portalarium, Inc.Portalarium, Inc. 2.432.43CentralCentralCentral Digital MediaDigital Media04/05/201104/05/2011 Spanning Cloud Apps, Inc.Spanning Cloud Apps, Inc.Spanning Cloud Apps, Inc.Spanning Cloud Apps, Inc. 2.02.0CentralCentralCentral Information TechnologyInformation Technology04/10/201104/10/2011 Rosso CorporationRosso CorporationRosso CorporationRosso Corporation 2.02.0CentralCentralCentral Digital MediaDigital Media04/26/201104/26/2011 SpredfastSpredfastSpredfastSpredfast 2.02.0CentralCentralCentral Digital MediaDigital Media05/31/201105/31/2011 Georgetown Rail Equipment CompanyGeorgetown Rail Equipment CompanyGeorgetown Rail Equipment CompanyGeorgetown Rail Equipment Company 1.611.61CentralCentralCentral OtherOther04/18/201104/18/2011 OTL Foods LLCOTL Foods LLCOTL Foods LLCOTL Foods LLC 1.51.5CentralCentralCentral Consumer ProductsConsumer Products04/26/201104/26/2011 Freed Foods, LLCFreed Foods, LLCFreed Foods, LLCFreed Foods, LLC 1.51.5CentralCentralCentral Consumer ProductsConsumer Products06/17/201106/17/2011 Green Tide Water Disposal, Ltd.Green Tide Water Disposal, Ltd.Green Tide Water Disposal, Ltd.Green Tide Water Disposal, Ltd. 1.21.2CentralCentralCentral OtherOther

06/22/201106/22/2011 NaturallyCurly.com, Inc.NaturallyCurly.com, Inc.NaturallyCurly.com, Inc.NaturallyCurly.com, Inc. 1.21.2CentralCentralCentral Digital MediaDigital Media05/03/201105/03/2011 Varsity Media Group Inc.Varsity Media Group Inc.Varsity Media Group Inc.Varsity Media Group Inc. 1.01.0CentralCentralCentral Digital MediaDigital Media05/04/201105/04/2011 Hyper Wear, Inc.Hyper Wear, Inc.Hyper Wear, Inc.Hyper Wear, Inc. 1.01.0CentralCentralCentral Consumer ProductsConsumer Products06/01/201106/01/2011 QGAC, Inc.QGAC, Inc.QGAC, Inc.QGAC, Inc. 1.01.0CentralCentralCentral Digital MediaDigital Media05/21/201105/21/2011 Omni Water Solutions LLCOmni Water Solutions LLCOmni Water Solutions LLCOmni Water Solutions LLC 0.80.8CentralCentralCentral OtherOther06/30/201106/30/2011 Midnight Studios, Inc.Midnight Studios, Inc.Midnight Studios, Inc.Midnight Studios, Inc. 0.760.76CentralCentralCentral Digital MediaDigital Media06/13/201106/13/2011 FloTime LLCFloTime LLCFloTime LLCFloTime LLC 0.50.5CentralCentralCentral OtherOther05/26/201105/26/2011 South Austin Surgery CenterSouth Austin Surgery CenterSouth Austin Surgery CenterSouth Austin Surgery Center 0.350.35CentralCentralCentral HealthcareHealthcare06/15/201106/15/2011 7 Billion People, Inc.7 Billion People, Inc.7 Billion People, Inc.7 Billion People, Inc. 0.30.3CentralCentralCentral Digital MediaDigital Media05/10/201105/10/2011 Hillside Farmacy, Inc.Hillside Farmacy, Inc.Hillside Farmacy, Inc.Hillside Farmacy, Inc. 0.10.1CentralCentralCentral Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing06/09/201106/09/2011 Austin Center For Outpatient Surgery LPAustin Center For Outpatient Surgery LPAustin Center For Outpatient Surgery LPAustin Center For Outpatient Surgery LP 0.070.07CentralCentralCentral HealthcareHealthcare06/13/201106/13/2011 Utah Lithotripsy L.P.Utah Lithotripsy L.P.Utah Lithotripsy L.P.Utah Lithotripsy L.P. 0.060.06CentralCentralCentral HealthcareHealthcare04/15/201104/15/2011 Treasure Valley Urology Services LLCTreasure Valley Urology Services LLCTreasure Valley Urology Services LLCTreasure Valley Urology Services LLC 0.050.05CentralCentralCentral HealthcareHealthcare05/19/201105/19/2011 Blue Wheel Technologies, Inc.Blue Wheel Technologies, Inc.Blue Wheel Technologies, Inc.Blue Wheel Technologies, Inc. 0.050.05CentralCentralCentral CleantechCleantech06/22/201106/22/2011 LiquidFrameworks, Inc.LiquidFrameworks, Inc.LiquidFrameworks, Inc.LiquidFrameworks, Inc. --Gulf CoastGulf CoastGulf Coast Information TechnologyInformation Technology06/30/201106/30/2011 TAS Energy Inc.TAS Energy Inc.TAS Energy Inc.TAS Energy Inc. --Gulf CoastGulf CoastGulf Coast CleantechCleantech05/31/201105/31/2011 JSW Steel Holding (USA) Inc.JSW Steel Holding (USA) Inc.JSW Steel Holding (USA) Inc.JSW Steel Holding (USA) Inc. 71.071.0Gulf CoastGulf CoastGulf Coast OtherOther04/21/201104/21/2011 Deli Management, Inc.Deli Management, Inc.Deli Management, Inc.Deli Management, Inc. 19.2519.25Gulf CoastGulf CoastGulf Coast Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing04/06/201104/06/2011 MicroMed Cardiovascular, Inc.MicroMed Cardiovascular, Inc.MicroMed Cardiovascular, Inc.MicroMed Cardiovascular, Inc. 12.012.0Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology06/27/201106/27/2011 Produced Water Absorbents, Inc.Produced Water Absorbents, Inc.Produced Water Absorbents, Inc.Produced Water Absorbents, Inc. 11.011.0Gulf CoastGulf CoastGulf Coast OtherOther04/15/201104/15/2011 Aspire Behavioral Health of Conroe, LLCAspire Behavioral Health of Conroe, LLCAspire Behavioral Health of Conroe, LLCAspire Behavioral Health of Conroe, LLC 7.07.0Gulf CoastGulf CoastGulf Coast HealthcareHealthcare05/31/201105/31/2011 Glori Energy, Inc.Glori Energy, Inc.Glori Energy, Inc.Glori Energy, Inc. 3.03.0Gulf CoastGulf CoastGulf Coast CleantechCleantech04/05/201104/05/2011 TCBH, Inc.TCBH, Inc.TCBH, Inc.TCBH, Inc. 2.02.0Gulf CoastGulf CoastGulf Coast Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing05/13/201105/13/2011 Igloo Products Corp.Igloo Products Corp.Igloo Products Corp.Igloo Products Corp. 2.02.0Gulf CoastGulf CoastGulf Coast Consumer ProductsConsumer Products05/06/201105/06/2011 Innovation Specialists LLCInnovation Specialists LLCInnovation Specialists LLCInnovation Specialists LLC 1.51.5Gulf CoastGulf CoastGulf Coast HealthcareHealthcare04/25/201104/25/2011 Produ Clear, IncorporatedProdu Clear, IncorporatedProdu Clear, IncorporatedProdu Clear, Incorporated 1.01.0Gulf CoastGulf CoastGulf Coast OtherOther


05/05/201105/05/2011 Essentia Pharma Mountain West, LLCEssentia Pharma Mountain West, LLCEssentia Pharma Mountain West, LLCEssentia Pharma Mountain West, LLC 1.01.0Gulf CoastGulf CoastGulf Coast HealthcareHealthcare05/04/201105/04/2011 VIDATRONIC, Inc.VIDATRONIC, Inc.VIDATRONIC, Inc.VIDATRONIC, Inc. 0.80.8Gulf CoastGulf CoastGulf Coast Computer/SemiconductorComputer/Semiconductor04/23/201104/23/2011 LaserGen, Inc.LaserGen, Inc.LaserGen, Inc.LaserGen, Inc. 0.750.75Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology04/13/201104/13/2011 Nanovapor, Inc.Nanovapor, Inc.Nanovapor, Inc.Nanovapor, Inc. 0.50.5Gulf CoastGulf CoastGulf Coast OtherOther05/27/201105/27/2011 Little Products Co., LLCLittle Products Co., LLCLittle Products Co., LLCLittle Products Co., LLC 0.50.5Gulf CoastGulf CoastGulf Coast Consumer ProductsConsumer Products04/11/201104/11/2011 Davidson Dynamics, LLCDavidson Dynamics, LLCDavidson Dynamics, LLCDavidson Dynamics, LLC 0.390.39Gulf CoastGulf CoastGulf Coast OtherOther06/27/201106/27/2011 Compliance Toxicology, LLCCompliance Toxicology, LLCCompliance Toxicology, LLCCompliance Toxicology, LLC 0.20.2Gulf CoastGulf CoastGulf Coast OtherOther05/17/201105/17/2011 B. S. & S. Services, Inc.B. S. & S. Services, Inc.B. S. & S. Services, Inc.B. S. & S. Services, Inc. --NorthNorthNorth OtherOther05/31/201105/31/2011 Magnablend, Inc.Magnablend, Inc.Magnablend, Inc.Magnablend, Inc. --NorthNorthNorth OtherOther06/07/201106/07/2011 Net.Orange, Inc.Net.Orange, Inc.Net.Orange, Inc.Net.Orange, Inc. NorthNorthNorth HealthcareHealthcare05/02/201105/02/2011 SourceHOV Inc.SourceHOV Inc.SourceHOV Inc.SourceHOV Inc. 625.0625.0NorthNorthNorth HealthcareHealthcare06/30/201106/30/2011 Texas Competitive Electric Holdings Company LLC.Texas Competitive Electric Holdings Company LLC.Texas Competitive Electric Holdings Company LLC.Texas Competitive Electric Holdings Company LLC. 50.050.0NorthNorthNorth OtherOther

05/26/201105/26/2011 Mavenir Systems, Inc.Mavenir Systems, Inc.Mavenir Systems, Inc.Mavenir Systems, Inc. 40.040.0NorthNorthNorth Digital MediaDigital Media06/28/201106/28/2011 ASC Acquisition LLCASC Acquisition LLCASC Acquisition LLCASC Acquisition LLC 25.525.5NorthNorthNorth HealthcareHealthcare05/27/201105/27/2011 Neos Therapeutics Inc.Neos Therapeutics Inc.Neos Therapeutics Inc.Neos Therapeutics Inc. 20.020.0NorthNorthNorth BiotechnologyBiotechnology04/22/201104/22/2011 Xtera Communications, Inc.Xtera Communications, Inc.Xtera Communications, Inc.Xtera Communications, Inc. 15.8415.84NorthNorthNorth TelecommunicationsTelecommunications05/10/201105/10/2011 Heliotronic Energy Systems, LLCHeliotronic Energy Systems, LLCHeliotronic Energy Systems, LLCHeliotronic Energy Systems, LLC 10.010.0NorthNorthNorth CleantechCleantech06/30/201106/30/2011 Hostess Brands, Inc.Hostess Brands, Inc.Hostess Brands, Inc.Hostess Brands, Inc. 10.010.0NorthNorthNorth Consumer ProductsConsumer Products06/20/201106/20/2011 Prodea Systems, Inc.Prodea Systems, Inc.Prodea Systems, Inc.Prodea Systems, Inc. 8.188.18NorthNorthNorth Digital MediaDigital Media06/15/201106/15/2011 Paragon GPS, Inc.Paragon GPS, Inc.Paragon GPS, Inc.Paragon GPS, Inc. 7.57.5NorthNorthNorth OtherOther04/18/201104/18/2011 OnAsset Intelligence, Inc.OnAsset Intelligence, Inc.OnAsset Intelligence, Inc.OnAsset Intelligence, Inc. 6.06.0NorthNorthNorth OtherOther04/29/201104/29/2011 FireHost, Inc.FireHost, Inc.FireHost, Inc.FireHost, Inc. 5.05.0NorthNorthNorth Information TechnologyInformation Technology06/08/201106/08/2011 J. Hilburn, LLCJ. Hilburn, LLCJ. Hilburn, LLCJ. Hilburn, LLC 5.05.0NorthNorthNorth Consumer ProductsConsumer Products06/13/201106/13/2011 OneSource Virtual HR, IncOneSource Virtual HR, IncOneSource Virtual HR, IncOneSource Virtual HR, Inc 5.05.0NorthNorthNorth FinancialFinancial04/12/201104/12/2011 NetSocket, Inc.NetSocket, Inc.NetSocket, Inc.NetSocket, Inc. 4.764.76NorthNorthNorth TelecommunicationsTelecommunications04/01/201104/01/2011 Tango Networks, Inc.Tango Networks, Inc.Tango Networks, Inc.Tango Networks, Inc. 4.54.5NorthNorthNorth TelecommunicationsTelecommunications05/10/201105/10/2011 Chronicity, Inc.Chronicity, Inc.Chronicity, Inc.Chronicity, Inc. 4.04.0NorthNorthNorth HealthcareHealthcare05/20/201105/20/2011 Cardiovascular Provider Resources, Inc.Cardiovascular Provider Resources, Inc.Cardiovascular Provider Resources, Inc.Cardiovascular Provider Resources, Inc. 2.512.51NorthNorthNorth BiotechnologyBiotechnology05/26/201105/26/2011 Vedero Software LLCVedero Software LLCVedero Software LLCVedero Software LLC 2.52.5NorthNorthNorth Information TechnologyInformation Technology06/10/201106/10/2011 Authentix Acquisition Company, Inc.Authentix Acquisition Company, Inc.Authentix Acquisition Company, Inc.Authentix Acquisition Company, Inc. 1.981.98NorthNorthNorth OtherOther05/02/201105/02/2011 MedHab, LLCMedHab, LLCMedHab, LLCMedHab, LLC 1.81.8NorthNorthNorth BiotechnologyBiotechnology04/04/201104/04/2011 WDT Acquisition Corp.WDT Acquisition Corp.WDT Acquisition Corp.WDT Acquisition Corp. 1.51.5NorthNorthNorth Information TechnologyInformation Technology06/23/201106/23/2011 Urgent Care for Kids, LLCUrgent Care for Kids, LLCUrgent Care for Kids, LLCUrgent Care for Kids, LLC 1.51.5NorthNorthNorth HealthcareHealthcare05/16/201105/16/2011 Grayson County Physicians Property, LLCGrayson County Physicians Property, LLCGrayson County Physicians Property, LLCGrayson County Physicians Property, LLC 1.081.08NorthNorthNorth HealthcareHealthcare06/29/201106/29/2011 Adaptix, Inc.Adaptix, Inc.Adaptix, Inc.Adaptix, Inc. 1.051.05NorthNorthNorth TelecommunicationsTelecommunications04/11/201104/11/2011 Mashed Studios, Inc.Mashed Studios, Inc.Mashed Studios, Inc.Mashed Studios, Inc. 1.01.0NorthNorthNorth Digital MediaDigital Media06/24/201106/24/2011 Vital Art and Science Inc.Vital Art and Science Inc.Vital Art and Science Inc.Vital Art and Science Inc. 1.01.0NorthNorthNorth BiotechnologyBiotechnology04/07/201104/07/2011 Sweat H&F, LLCSweat H&F, LLCSweat H&F, LLCSweat H&F, LLC 0.750.75NorthNorthNorth Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing05/05/201105/05/2011 Microdermis CorporationMicrodermis CorporationMicrodermis CorporationMicrodermis Corporation 0.750.75NorthNorthNorth BiotechnologyBiotechnology05/18/201105/18/2011 Secure Axcess, LLCSecure Axcess, LLCSecure Axcess, LLCSecure Axcess, LLC 0.750.75NorthNorthNorth Information TechnologyInformation Technology05/27/201105/27/2011 Travis Group, LPTravis Group, LPTravis Group, LPTravis Group, LP 0.540.54NorthNorthNorth Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing06/15/201106/15/2011 Fat Boy Labs, Inc.Fat Boy Labs, Inc.Fat Boy Labs, Inc.Fat Boy Labs, Inc. 0.50.5NorthNorthNorth Digital MediaDigital Media04/14/201104/14/2011 Continual Movement, Inc.Continual Movement, Inc.Continual Movement, Inc.Continual Movement, Inc. 0.450.45NorthNorthNorth OtherOther04/15/201104/15/2011 OT EMR, Inc.OT EMR, Inc.OT EMR, Inc.OT EMR, Inc. 0.350.35NorthNorthNorth HealthcareHealthcare05/11/201105/11/2011 BizNet Software, Inc.BizNet Software, Inc.BizNet Software, Inc.BizNet Software, Inc. 0.020.02NorthNorthNorth FinancialFinancial05/09/201105/09/2011 AirStrip Technologies, Inc.AirStrip Technologies, Inc.AirStrip Technologies, Inc.AirStrip Technologies, Inc. --SouthSouthSouth HealthcareHealthcare05/31/201105/31/2011 Diamond Green Diesel, LLCDiamond Green Diesel, LLCDiamond Green Diesel, LLCDiamond Green Diesel, LLC --SouthSouthSouth CleantechCleantech05/20/201105/20/2011 Aperion Biologics CorporationAperion Biologics CorporationAperion Biologics CorporationAperion Biologics Corporation 6.06.0SouthSouthSouth BiotechnologyBiotechnology05/31/201105/31/2011 Azaya Therapeutics IncorporatedAzaya Therapeutics IncorporatedAzaya Therapeutics IncorporatedAzaya Therapeutics Incorporated 3.53.5SouthSouthSouth BiotechnologyBiotechnology04/28/201104/28/2011 Speer Medical Devices, Inc.Speer Medical Devices, Inc.Speer Medical Devices, Inc.Speer Medical Devices, Inc. 2.52.5SouthSouthSouth BiotechnologyBiotechnology


05/26/201105/26/2011 HerdX, Inc.HerdX, Inc.HerdX, Inc.HerdX, Inc. 0.750.75SouthSouthSouth OtherOther04/18/201104/18/2011 ZippyKid, Inc.ZippyKid, Inc.ZippyKid, Inc.ZippyKid, Inc. 0.250.25SouthSouthSouth Digital MediaDigital Media05/03/201105/03/2011 Smartfield, Inc.Smartfield, Inc.Smartfield, Inc.Smartfield, Inc. 1.351.35WestWestWest OtherOther05/27/201105/27/2011 Grinbath LLCGrinbath LLCGrinbath LLCGrinbath LLC 0.30.3WestWestWest BiotechnologyBiotechnology04/12/201104/12/2011 Alternative Industrial Energy Systems, Inc.Alternative Industrial Energy Systems, Inc.Alternative Industrial Energy Systems, Inc.Alternative Industrial Energy Systems, Inc. 0.120.12WestWestWest CleantechCleantech

1,250.761,250.76TotalTotalTotal

DateDate Company Company Company Company Fund RaisedFund Raised RegionRegionRegion SectorSector08/03/201108/03/2011 3Seventy, Inc.3Seventy, Inc.3Seventy, Inc.3Seventy, Inc. 2.02.0CentralCentralCentral Digital MediaDigital Media09/30/201109/30/2011 Georgetown Rail Equipment CompanyGeorgetown Rail Equipment CompanyGeorgetown Rail Equipment CompanyGeorgetown Rail Equipment Company 0.830.83CentralCentralCentral OtherOther09/27/201109/27/2011 Northwest Urological Services, LLCNorthwest Urological Services, LLCNorthwest Urological Services, LLCNorthwest Urological Services, LLC 0.060.06CentralCentralCentral HealthcareHealthcare09/30/201109/30/2011 Louisiana Lithotripsy Investment Ltd. PartnershipLouisiana Lithotripsy Investment Ltd. PartnershipLouisiana Lithotripsy Investment Ltd. PartnershipLouisiana Lithotripsy Investment Ltd. Partnership 0.050.05CentralCentralCentral HealthcareHealthcare

07/28/201107/28/2011 Greenleaf Book Group, LLCGreenleaf Book Group, LLCGreenleaf Book Group, LLCGreenleaf Book Group, LLC --Central Central Central Media (book publishing)Media (book publishing)09/21/201109/21/2011 Thinkspeed Research, LLCThinkspeed Research, LLCThinkspeed Research, LLCThinkspeed Research, LLC --Central Central Central Information TechnologyInformation Technology09/09/201109/09/2011 HelioVolt CorporationHelioVolt CorporationHelioVolt CorporationHelioVolt Corporation 84.9684.96Central Central Central CleantechCleantech07/06/201107/06/2011 Hart InterCivic, Inc.Hart InterCivic, Inc.Hart InterCivic, Inc.Hart InterCivic, Inc. 42.042.0Central Central Central OtherOther07/07/201107/07/2011 Ascension Orthopedics, Inc.Ascension Orthopedics, Inc.Ascension Orthopedics, Inc.Ascension Orthopedics, Inc. 20.3920.39Central Central Central HealthcareHealthcare08/11/201108/11/2011 Airband Communications, Inc.Airband Communications, Inc.Airband Communications, Inc.Airband Communications, Inc. 20.020.0Central Central Central TelecommunicationsTelecommunications08/12/201108/12/2011 WhaleShark Media, Inc.WhaleShark Media, Inc.WhaleShark Media, Inc.WhaleShark Media, Inc. 18.018.0Central Central Central Digital MediaDigital Media07/31/201107/31/2011 BigCommerce Pty. Ltd.BigCommerce Pty. Ltd.BigCommerce Pty. Ltd.BigCommerce Pty. Ltd. 15.015.0Central Central Central OtherOther09/23/201109/23/2011 SpredfastSpredfastSpredfastSpredfast 12.012.0Central Central Central Digital MediaDigital Media09/21/201109/21/2011 DataStaxDataStaxDataStaxDataStax 11.011.0Central Central Central Information TechnologyInformation Technology07/12/201107/12/2011 NewComLink, Inc.NewComLink, Inc.NewComLink, Inc.NewComLink, Inc. 10.2210.22Central Central Central TelecommunicationsTelecommunications07/19/201107/19/2011 Nuventix, Inc.Nuventix, Inc.Nuventix, Inc.Nuventix, Inc. 10.010.0Central Central Central CleanTechCleanTech07/29/201107/29/2011 Asuragen, Inc.Asuragen, Inc.Asuragen, Inc.Asuragen, Inc. 10.010.0Central Central Central BiotechnologyBiotechnology08/19/201108/19/2011 MTPV LLCMTPV LLCMTPV LLCMTPV LLC 8.58.5Central Central Central Computer/SemiconductorComputer/Semiconductor07/14/201107/14/2011 Ziften Technologies, Inc.Ziften Technologies, Inc.Ziften Technologies, Inc.Ziften Technologies, Inc. 5.85.8Central Central Central Information TechnologyInformation Technology09/08/201109/08/2011 AllComponents, Inc.AllComponents, Inc.AllComponents, Inc.AllComponents, Inc. 4.754.75Central Central Central Computer/SemiconductorComputer/Semiconductor07/27/201107/27/2011 Kimbia, Inc.Kimbia, Inc.Kimbia, Inc.Kimbia, Inc. 4.04.0Central Central Central Digital MediaDigital Media09/13/201109/13/2011 Cinsay, Inc.Cinsay, Inc.Cinsay, Inc.Cinsay, Inc. 4.04.0Central Central Central Digital MediaDigital Media09/16/201109/16/2011 TG Urgent Care, LPTG Urgent Care, LPTG Urgent Care, LPTG Urgent Care, LP 3.613.61Central Central Central HealthcareHealthcare07/12/201107/12/2011 Hospitality Investors Inc.Hospitality Investors Inc.Hospitality Investors Inc.Hospitality Investors Inc. 3.53.5Central Central Central Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing07/19/201107/19/2011 Audiotoniq, Inc.Audiotoniq, Inc.Audiotoniq, Inc.Audiotoniq, Inc. 3.053.05Central Central Central BiotechnologyBiotechnology09/02/201109/02/2011 Akimbo Financial, Inc.Akimbo Financial, Inc.Akimbo Financial, Inc.Akimbo Financial, Inc. 2.552.55Central Central Central FinancialFinancial07/14/201107/14/2011 Tiff's Treats, LTD.Tiff's Treats, LTD.Tiff's Treats, LTD.Tiff's Treats, LTD. 2.22.2Central Central Central Consumer ProductsConsumer Products07/25/201107/25/2011 Windmill Cardiovascular Systems, Inc.Windmill Cardiovascular Systems, Inc.Windmill Cardiovascular Systems, Inc.Windmill Cardiovascular Systems, Inc. 2.22.2Central Central Central BiotechnologyBiotechnology07/11/201107/11/2011 CopperEgg CorporationCopperEgg CorporationCopperEgg CorporationCopperEgg Corporation 2.02.0Central Central Central Information TechnologyInformation Technology07/05/201107/05/2011 Xeris Pharmaceuticals, Inc.Xeris Pharmaceuticals, Inc.Xeris Pharmaceuticals, Inc.Xeris Pharmaceuticals, Inc. 1.961.96Central Central Central BiotechnologyBiotechnology08/10/201108/10/2011 Mirna Therapeutics, Inc.Mirna Therapeutics, Inc.Mirna Therapeutics, Inc.Mirna Therapeutics, Inc. 1.51.5Central Central Central BiotechnologyBiotechnology08/11/201108/11/2011 SpaceCraft, Inc.SpaceCraft, Inc.SpaceCraft, Inc.SpaceCraft, Inc. 1.351.35Central Central Central Digital MediaDigital Media09/12/201109/12/2011 latakoo, Inc.latakoo, Inc.latakoo, Inc.latakoo, Inc. 1.31.3Central Central Central Digital MediaDigital Media07/13/201107/13/2011 Uplogix, Inc.Uplogix, Inc.Uplogix, Inc.Uplogix, Inc. 1.21.2Central Central Central Information TechnologyInformation Technology08/26/201108/26/2011 Uplogix, Inc.Uplogix, Inc.Uplogix, Inc.Uplogix, Inc. 1.21.2Central Central Central Information TechnologyInformation Technology07/14/201107/14/2011 SHOUTZ, INC.SHOUTZ, INC.SHOUTZ, INC.SHOUTZ, INC. 1.01.0Central Central Central Digital MediaDigital Media07/25/201107/25/2011 9Star Research Inc.9Star Research Inc.9Star Research Inc.9Star Research Inc. 1.01.0Central Central Central Information TechnologyInformation Technology08/01/201108/01/2011 Appconomy Inc.Appconomy Inc.Appconomy Inc.Appconomy Inc. 1.01.0Central Central Central Digital MediaDigital Media08/19/201108/19/2011 Adealio LLCAdealio LLCAdealio LLCAdealio LLC 1.01.0Central Central Central Digital MediaDigital Media09/12/201109/12/2011 Tugg, Inc.Tugg, Inc.Tugg, Inc.Tugg, Inc. 1.01.0Central Central Central Digital MediaDigital Media07/15/201107/15/2011 Wisegate, Inc.Wisegate, Inc.Wisegate, Inc.Wisegate, Inc. 0.60.6Central Central Central Information TechnologyInformation Technology07/20/201107/20/2011 Atticus Brands, Inc.Atticus Brands, Inc.Atticus Brands, Inc.Atticus Brands, Inc. 0.50.5Central Central Central Consumer ProductsConsumer Products


08/26/201108/26/2011 Rallyhood, LLCRallyhood, LLCRallyhood, LLCRallyhood, LLC 0.50.5Central Central Central Digital MediaDigital Media08/09/201108/09/2011 League of Lakeway, LLCLeague of Lakeway, LLCLeague of Lakeway, LLCLeague of Lakeway, LLC 0.480.48Central Central Central Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing08/19/201108/19/2011 MTPV LLCMTPV LLCMTPV LLCMTPV LLC 0.330.33Central Central Central Computer/SemiconductorComputer/Semiconductor07/19/201107/19/2011 iTaggit Inc.iTaggit Inc.iTaggit Inc.iTaggit Inc. 0.30.3Central Central Central Digital MediaDigital Media08/12/201108/12/2011 Gray Hawk Payment Technologies, Inc.Gray Hawk Payment Technologies, Inc.Gray Hawk Payment Technologies, Inc.Gray Hawk Payment Technologies, Inc. 0.30.3Central Central Central FinancialFinancial07/01/201107/01/2011 Louisville Urology Ventures LLCLouisville Urology Ventures LLCLouisville Urology Ventures LLCLouisville Urology Ventures LLC 0.230.23Central Central Central HealthcareHealthcare07/20/201107/20/2011 CipherPoint Software, Inc.CipherPoint Software, Inc.CipherPoint Software, Inc.CipherPoint Software, Inc. 0.20.2Central Central Central Information TechnologyInformation Technology09/24/201109/24/2011 Yip Yap, Inc.Yip Yap, Inc.Yip Yap, Inc.Yip Yap, Inc. 0.130.13Central Central Central Digital MediaDigital Media07/31/201107/31/2011 Greater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLC 0.110.11Central Central Central HealthcareHealthcare08/08/201108/08/2011 Lithotripsy of Northern Indiana, LLCLithotripsy of Northern Indiana, LLCLithotripsy of Northern Indiana, LLCLithotripsy of Northern Indiana, LLC 0.110.11Central Central Central HealthcareHealthcare09/13/201109/13/2011 Greater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLC 0.110.11Central Central Central HealthcareHealthcare07/29/201107/29/2011 South Kansas Lithotripsy, LLPSouth Kansas Lithotripsy, LLPSouth Kansas Lithotripsy, LLPSouth Kansas Lithotripsy, LLP 0.080.08Central Central Central HealthcareHealthcare09/01/201109/01/2011 TEXAS LITHOTRIPSY L P VIIITEXAS LITHOTRIPSY L P VIIITEXAS LITHOTRIPSY L P VIIITEXAS LITHOTRIPSY L P VIII 0.060.06Central Central Central HealthcareHealthcare

09/14/201109/14/2011 Prime Kidney Stone Treatment, IncPrime Kidney Stone Treatment, IncPrime Kidney Stone Treatment, IncPrime Kidney Stone Treatment, Inc 0.040.04Central Central Central HealthcareHealthcare

08/29/201108/29/2011 Buckeye Urological Services LPBuckeye Urological Services LPBuckeye Urological Services LPBuckeye Urological Services LP 0.020.02Central Central Central HealthcareHealthcare09/12/201109/12/2011 Pharmaceutical Strategies Group, LLCPharmaceutical Strategies Group, LLCPharmaceutical Strategies Group, LLCPharmaceutical Strategies Group, LLC --Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology07/05/201107/05/2011 Senscient, Inc.Senscient, Inc.Senscient, Inc.Senscient, Inc. 11.7711.77Gulf CoastGulf CoastGulf Coast OtherOther09/29/201109/29/2011 CellTex Therapeutics Corp.CellTex Therapeutics Corp.CellTex Therapeutics Corp.CellTex Therapeutics Corp. 9.979.97Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology07/31/201107/31/2011 PLx Pharma Inc.PLx Pharma Inc.PLx Pharma Inc.PLx Pharma Inc. 7.07.0Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology08/30/201108/30/2011 LaserGen, Inc.LaserGen, Inc.LaserGen, Inc.LaserGen, Inc. 5.05.0Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology09/01/201109/01/2011 Zero Emission Energy Plants Ltd.Zero Emission Energy Plants Ltd.Zero Emission Energy Plants Ltd.Zero Emission Energy Plants Ltd. 5.05.0Gulf CoastGulf CoastGulf Coast CleantechCleantech09/14/201109/14/2011 MicroMed Cardiovascular, Inc.MicroMed Cardiovascular, Inc.MicroMed Cardiovascular, Inc.MicroMed Cardiovascular, Inc. 4.284.28Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology08/05/201108/05/2011 Snoball, LLCSnoball, LLCSnoball, LLCSnoball, LLC 2.52.5Gulf CoastGulf CoastGulf Coast OtherOther09/08/201109/08/2011 Patriot Act Movie, L.L.C.Patriot Act Movie, L.L.C.Patriot Act Movie, L.L.C.Patriot Act Movie, L.L.C. 2.32.3Gulf CoastGulf CoastGulf Coast MediaMedia07/21/201107/21/2011 Zero Emission Energy Plants Ltd.Zero Emission Energy Plants Ltd.Zero Emission Energy Plants Ltd.Zero Emission Energy Plants Ltd. 1.591.59Gulf CoastGulf CoastGulf Coast CleantechCleantech08/26/201108/26/2011 OrthoAccel Technologies, Inc.OrthoAccel Technologies, Inc.OrthoAccel Technologies, Inc.OrthoAccel Technologies, Inc. 1.51.5Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology07/19/201107/19/2011 SYNEO, LLCSYNEO, LLCSYNEO, LLCSYNEO, LLC 1.01.0Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology09/19/201109/19/2011 Cormedics CorporationCormedics CorporationCormedics CorporationCormedics Corporation 0.250.25Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology07/22/201107/22/2011 Aqumin LLCAqumin LLCAqumin LLCAqumin LLC 0.030.03Gulf CoastGulf CoastGulf Coast FinancialFinancial09/29/201109/29/2011 Hie Electronics, Inc.Hie Electronics, Inc.Hie Electronics, Inc.Hie Electronics, Inc. 10.010.0NorthNorthNorth Computer/SemiconductorComputer/Semiconductor09/26/201109/26/2011 Green Media, LLCGreen Media, LLCGreen Media, LLCGreen Media, LLC 5.05.0NorthNorthNorth MediaMedia08/30/201108/30/2011 ZeOmega, Inc.ZeOmega, Inc.ZeOmega, Inc.ZeOmega, Inc. --North North North HealthcareHealthcare09/20/201109/20/2011 e-Rewards, Inc.e-Rewards, Inc.e-Rewards, Inc.e-Rewards, Inc. --North North North Digital MediaDigital Media07/13/201107/13/2011 Reata PharmaceuticalsReata PharmaceuticalsReata PharmaceuticalsReata Pharmaceuticals 300.0300.0North North North PharmaceuticalsPharmaceuticals09/23/201109/23/2011 Xtera Communications, Inc.Xtera Communications, Inc.Xtera Communications, Inc.Xtera Communications, Inc. 29.4329.43North North North TelecommunicationsTelecommunications08/25/201108/25/2011 TelaDoc, Inc.TelaDoc, Inc.TelaDoc, Inc.TelaDoc, Inc. 18.618.6North North North HealthcareHealthcare08/19/201108/19/2011 Wistron Green Tech CorporationWistron Green Tech CorporationWistron Green Tech CorporationWistron Green Tech Corporation 18.418.4North North North CleantechCleantech07/18/201107/18/2011 indoorDIRECT, Inc.indoorDIRECT, Inc.indoorDIRECT, Inc.indoorDIRECT, Inc. 18.2218.22North North North Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing09/07/201109/07/2011 FireHost, Inc.FireHost, Inc.FireHost, Inc.FireHost, Inc. 10.010.0North North North Information TechnologyInformation Technology08/26/201108/26/2011 ShopSavvy Inc.ShopSavvy Inc.ShopSavvy Inc.ShopSavvy Inc. 7.567.56North North North Digital MediaDigital Media08/01/201108/01/2011 Dependable Auto Shippers, Inc.Dependable Auto Shippers, Inc.Dependable Auto Shippers, Inc.Dependable Auto Shippers, Inc. 5.45.4North North North OtherOther07/18/201107/18/2011 AirWalk Communications, Inc.AirWalk Communications, Inc.AirWalk Communications, Inc.AirWalk Communications, Inc. 3.03.0North North North TelecommunicationsTelecommunications08/24/201108/24/2011 Microdermis CorporationMicrodermis CorporationMicrodermis CorporationMicrodermis Corporation 2.92.9North North North BiotechnologyBiotechnology07/27/201107/27/2011 Koupon Media Inc.Koupon Media Inc.Koupon Media Inc.Koupon Media Inc. 2.02.0North North North Digital MediaDigital Media09/16/201109/16/2011 Phytel, Inc.Phytel, Inc.Phytel, Inc.Phytel, Inc. 2.02.0North North North HealthcareHealthcare09/22/201109/22/2011 New Century Hospice, Inc.New Century Hospice, Inc.New Century Hospice, Inc.New Century Hospice, Inc. 1.31.3North North North HealthcareHealthcare09/22/201109/22/2011 Snowflex International, LLCSnowflex International, LLCSnowflex International, LLCSnowflex International, LLC 1.21.2North North North Consumer ProductsConsumer Products09/23/201109/23/2011 ASC Acquisition LLCASC Acquisition LLCASC Acquisition LLCASC Acquisition LLC 0.750.75North North North HealthcareHealthcare08/31/201108/31/2011 Sterling Hospice Partners, L.P.Sterling Hospice Partners, L.P.Sterling Hospice Partners, L.P.Sterling Hospice Partners, L.P. 0.650.65North North North HealthcareHealthcare


09/01/201109/01/2011 Boxstar Media Group LLCBoxstar Media Group LLCBoxstar Media Group LLCBoxstar Media Group LLC 0.650.65North North North MediaMedia08/08/201108/08/2011 Catapult Health, LLCCatapult Health, LLCCatapult Health, LLCCatapult Health, LLC 0.60.6North North North HealthcareHealthcare08/18/201108/18/2011 Fruition Restaurants, LPFruition Restaurants, LPFruition Restaurants, LPFruition Restaurants, LP 0.330.33North North North Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing08/17/201108/17/2011 Don't Tell My Wife Stables 2011 LLCDon't Tell My Wife Stables 2011 LLCDon't Tell My Wife Stables 2011 LLCDon't Tell My Wife Stables 2011 LLC 0.230.23North North North OtherOther07/11/201107/11/2011 BigCommerce Pty. Ltd.BigCommerce Pty. Ltd.BigCommerce Pty. Ltd.BigCommerce Pty. Ltd. 0.060.06North North North Digital MediaDigital Media07/04/201107/04/2011 Tribe Films, LLCTribe Films, LLCTribe Films, LLCTribe Films, LLC 0.020.02North North North MediaMedia09/13/201109/13/2011 Gimme!Deals, LLCGimme!Deals, LLCGimme!Deals, LLCGimme!Deals, LLC 0.010.01North North North Digital MediaDigital Media07/27/201107/27/2011 Bi02 Medical, Inc.Bi02 Medical, Inc.Bi02 Medical, Inc.Bi02 Medical, Inc. 5.225.22SouthSouthSouth BiotechnologyBiotechnology08/19/201108/19/2011 Bi02 Medical, Inc.Bi02 Medical, Inc.Bi02 Medical, Inc.Bi02 Medical, Inc. 4.584.58SouthSouthSouth BiotechnologyBiotechnology09/16/201109/16/2011 FibeRio Technology CorporationFibeRio Technology CorporationFibeRio Technology CorporationFibeRio Technology Corporation 3.643.64SouthSouthSouth OtherOther08/29/201108/29/2011 Electrochemical Oxygen Concepts Inc.Electrochemical Oxygen Concepts Inc.Electrochemical Oxygen Concepts Inc.Electrochemical Oxygen Concepts Inc. 2.372.37SouthSouthSouth BiotechnologyBiotechnology07/21/201107/21/2011 DietBet, Inc.DietBet, Inc.DietBet, Inc.DietBet, Inc. 1.01.0SouthSouthSouth Digital MediaDigital Media09/22/201109/22/2011 Pro Hoop Strength L.L.C.Pro Hoop Strength L.L.C.Pro Hoop Strength L.L.C.Pro Hoop Strength L.L.C. 0.20.2SouthSouthSouth OtherOther08/05/201108/05/2011 R-Qubed Energy Inc.R-Qubed Energy Inc.R-Qubed Energy Inc.R-Qubed Energy Inc. 3.03.0WestWestWest CleantechCleantech

830.79830.79TotalTotalTotal

DateDate Company Company Company Company Fund RaisedFund Raised RegionRegionRegion SectorSector10/19/201110/19/2011OwnLocal, Inc.OwnLocal, Inc.OwnLocal, Inc.OwnLocal, Inc. -- CentralCentralCentral Digital MediaDigital Media12/5/201112/5/2011Rêv WorldwideRêv WorldwideRêv WorldwideRêv Worldwide -- CentralCentralCentral FinancialFinancial

10/28/201110/28/2011WhaleShark Media, Inc.WhaleShark Media, Inc.WhaleShark Media, Inc.WhaleShark Media, Inc. 150150CentralCentralCentral Digital MediaDigital Media10/26/201110/26/2011Inova Labs, Inc.Inova Labs, Inc.Inova Labs, Inc.Inova Labs, Inc. 17.517.5CentralCentralCentral BiotechnologyBiotechnology10/25/201110/25/2011Zaarly, Inc.Zaarly, Inc.Zaarly, Inc.Zaarly, Inc. 14.114.1CentralCentralCentral Digital MediaDigital Media

12/21/201112/21/2011 Appconomy Inc.Appconomy Inc.Appconomy Inc.Appconomy Inc. 12.9112.91CentralCentralCentral Digital MediaDigital Media10/24/201110/24/2011MyEdu CorporationMyEdu CorporationMyEdu CorporationMyEdu Corporation 1010CentralCentralCentral Digital MediaDigital Media11/23/201111/23/2011Bloomfire, Inc.Bloomfire, Inc.Bloomfire, Inc.Bloomfire, Inc. 1010CentralCentralCentral Digital MediaDigital Media

12/02/201112/02/2011 BloomfireBloomfireBloomfireBloomfire 10.010.0CentralCentralCentral Digital MediaDigital Media10/1/201110/1/2011Southern Star Courts I, LPSouthern Star Courts I, LPSouthern Star Courts I, LPSouthern Star Courts I, LP 8.338.33CentralCentralCentral Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing

11/25/201111/25/2011Unwired Nation, Inc.Unwired Nation, Inc.Unwired Nation, Inc.Unwired Nation, Inc. 6.556.55CentralCentralCentral Digital MediaDigital Media11/1/201111/1/2011Noesis Energy, Inc.Noesis Energy, Inc.Noesis Energy, Inc.Noesis Energy, Inc. 6.56.5CentralCentralCentral OtherOther

10/10/201110/10/2011Replay Games, Inc.Replay Games, Inc.Replay Games, Inc.Replay Games, Inc. 55CentralCentralCentral Digital MediaDigital Media10/12/201110/12/2011Quarri Technologies, Inc.Quarri Technologies, Inc.Quarri Technologies, Inc.Quarri Technologies, Inc. 4.64.6CentralCentralCentral Digital MediaDigital Media10/5/201110/5/2011Uplogix, Inc.Uplogix, Inc.Uplogix, Inc.Uplogix, Inc. 4.34.3CentralCentralCentral Information TechnologyInformation Technology12/1/201112/1/2011Berry Aviation, Inc.Berry Aviation, Inc.Berry Aviation, Inc.Berry Aviation, Inc. 4.34.3CentralCentralCentral OtherOther11/7/201111/7/2011iVerse Media, LLCiVerse Media, LLCiVerse Media, LLCiVerse Media, LLC 44CentralCentralCentral Digital MediaDigital Media

10/11/201110/11/2011keepwheel, Inc.keepwheel, Inc.keepwheel, Inc.keepwheel, Inc. 2.562.56CentralCentralCentral Digital MediaDigital Media11/14/201111/14/2011Bypass Mobile, LLCBypass Mobile, LLCBypass Mobile, LLCBypass Mobile, LLC 1.761.76CentralCentralCentral Digital MediaDigital Media10/4/201110/4/2011Sports & Music One Live LPSports & Music One Live LPSports & Music One Live LPSports & Music One Live LP 1.51.5CentralCentralCentral Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing

12/12/201112/12/2011 OutboxOutboxOutboxOutbox 1.51.5CentralCentralCentral Information TechnologyInformation Technology11/15/201111/15/2011WP Engine, LLC.WP Engine, LLC.WP Engine, LLC.WP Engine, LLC. 1.21.2CentralCentralCentral Digital MediaDigital Media

12/08/201112/08/2011 Unwired NationUnwired NationUnwired NationUnwired Nation 1.01.0CentralCentralCentral Digital MediaDigital Media12/30/201112/30/2011 Ortho KinematicsOrtho KinematicsOrtho KinematicsOrtho Kinematics 0.6050.605CentralCentralCentral BiotechnologyBiotechnology

10/26/201110/26/2011BWBC, Inc.BWBC, Inc.BWBC, Inc.BWBC, Inc. 0.60.6CentralCentralCentral Consumer ProductsConsumer Products11/23/201111/23/2011TalentGuard HoldingsTalentGuard HoldingsTalentGuard HoldingsTalentGuard Holdings 0.5180.518CentralCentralCentral OtherOther11/10/201111/10/2011Berry Aviation, Inc.Berry Aviation, Inc.Berry Aviation, Inc.Berry Aviation, Inc. 0.50.5CentralCentralCentral OtherOther11/17/201111/17/2011HeatgenieHeatgenieHeatgenieHeatgenie 0.4710.471CentralCentralCentral Consumer ProductsConsumer Products

11/30/201111/30/2011 Volume 11 MediaVolume 11 MediaVolume 11 MediaVolume 11 Media 0.270.27CentralCentralCentral Digital MediaDigital Media11/16/201111/16/2011Humanweb NetworksHumanweb NetworksHumanweb NetworksHumanweb Networks 0.250.25CentralCentralCentral Digital MediaDigital Media10/28/201110/28/2011Greater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLCGreater Alabama Lithotripsy LLC 0.110.11CentralCentralCentral HealthcareHealthcare11/14/201111/14/2011Green Revolution Cooling, Inc.Green Revolution Cooling, Inc.Green Revolution Cooling, Inc.Green Revolution Cooling, Inc. 0.10.1CentralCentralCentral OtherOther

12/08/201112/08/2011 UCampusUCampusUCampusUCampus 0.060.06CentralCentralCentral Digital MediaDigital Media


11/4/201111/4/2011Montana Urological Services LLCMontana Urological Services LLCMontana Urological Services LLCMontana Urological Services LLC 0.050.05CentralCentralCentral HealthcareHealthcare11/4/201111/4/2011Treasure Valley Urology Services LLCTreasure Valley Urology Services LLCTreasure Valley Urology Services LLCTreasure Valley Urology Services LLC 0.050.05CentralCentralCentral HealthcareHealthcare

11/30/201111/30/2011 BWBC incBWBC incBWBC incBWBC inc 0.0250.025CentralCentralCentral Consumer ProductsConsumer Products10/10/201110/10/2011CollegeDegrees.com, LLCCollegeDegrees.com, LLCCollegeDegrees.com, LLCCollegeDegrees.com, LLC -- Gulf CoastGulf CoastGulf Coast Digital MediaDigital Media

11/3/201111/3/2011G.E.T. Enterprises, Inc.G.E.T. Enterprises, Inc.G.E.T. Enterprises, Inc.G.E.T. Enterprises, Inc. -- Gulf CoastGulf CoastGulf Coast OtherOther12/14/201112/14/2011 MoleculinMoleculinMoleculinMoleculin 4.494.49Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology

10/31/201110/31/2011Oxane Materials, Inc.Oxane Materials, Inc.Oxane Materials, Inc.Oxane Materials, Inc. 4.0474.047Gulf CoastGulf CoastGulf Coast OtherOther12/13/201112/13/2011 Micromed Cardiovascular, Inc.Micromed Cardiovascular, Inc.Micromed Cardiovascular, Inc.Micromed Cardiovascular, Inc. 3.183.18Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology

11/1/201111/1/2011Quarri Technologies, Inc.Quarri Technologies, Inc.Quarri Technologies, Inc.Quarri Technologies, Inc. 33Gulf CoastGulf CoastGulf Coast Digital MediaDigital Media10/7/201110/7/2011Materials Science Technology, Inc.Materials Science Technology, Inc.Materials Science Technology, Inc.Materials Science Technology, Inc. 2.52.5Gulf CoastGulf CoastGulf Coast OtherOther

11/17/201111/17/2011Biopsych Health Systems, Inc.Biopsych Health Systems, Inc.Biopsych Health Systems, Inc.Biopsych Health Systems, Inc. 22Gulf CoastGulf CoastGulf Coast HealthcareHealthcare10/28/201110/28/2011Marval Biosciences, Inc.Marval Biosciences, Inc.Marval Biosciences, Inc.Marval Biosciences, Inc. 1.521.52Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology

11/3/201111/3/2011Eden Therapeutics Inc.Eden Therapeutics Inc.Eden Therapeutics Inc.Eden Therapeutics Inc. 11Gulf CoastGulf CoastGulf Coast BiotechnologyBiotechnology10/13/201110/13/2011Strongroom Solutions, LLCStrongroom Solutions, LLCStrongroom Solutions, LLCStrongroom Solutions, LLC 0.70.7Gulf CoastGulf CoastGulf Coast FinancialFinancial10/6/201110/6/2011Heady Brewing Company, LLCHeady Brewing Company, LLCHeady Brewing Company, LLCHeady Brewing Company, LLC 0.550.55Gulf CoastGulf CoastGulf Coast Consumer ProductsConsumer Products

11/14/201111/14/2011CanaryHop, Inc.CanaryHop, Inc.CanaryHop, Inc.CanaryHop, Inc. 0.530.53Gulf CoastGulf CoastGulf Coast Digital MediaDigital Media11/20/201111/20/2011MedPoint Health Partners, LLCMedPoint Health Partners, LLCMedPoint Health Partners, LLCMedPoint Health Partners, LLC 0.10.1Gulf CoastGulf CoastGulf Coast HealthcareHealthcare

12/19/201112/19/2011 1Spire1Spire1Spire1Spire 0.030.03Gulf CoastGulf CoastGulf Coast OtherOther12/3/201112/3/2011SightLine Health, LLCSightLine Health, LLCSightLine Health, LLCSightLine Health, LLC -- Gulf Coast Gulf Coast Gulf Coast HealthcareHealthcare

11/28/201111/28/2011Altus Healthcare Management Services, Inc.Altus Healthcare Management Services, Inc.Altus Healthcare Management Services, Inc.Altus Healthcare Management Services, Inc. 33Gulf Coast Gulf Coast Gulf Coast HealthcareHealthcare11/28/201111/28/2011Smart OES LLCSmart OES LLCSmart OES LLCSmart OES LLC 11Gulf Coast Gulf Coast Gulf Coast OtherOther

11/30/201111/30/2011 Eden TherapeuticsEden TherapeuticsEden TherapeuticsEden Therapeutics 1.01.0Gulf Coast Gulf Coast Gulf Coast BiotechnologyBiotechnology12/01/201112/01/2011 MedPoint Health Partners, LLCMedPoint Health Partners, LLCMedPoint Health Partners, LLCMedPoint Health Partners, LLC 0.10.1Gulf Coast Gulf Coast Gulf Coast HealthcareHealthcare12/05/201112/05/2011 Biopsych Health SystemsBiopsych Health SystemsBiopsych Health SystemsBiopsych Health Systems 0.0750.075Gulf Coast Gulf Coast Gulf Coast HealthcareHealthcare

10/24/201110/24/2011E4 Health Care, Inc.E4 Health Care, Inc.E4 Health Care, Inc.E4 Health Care, Inc. -- NorthNorthNorth HealthcareHealthcare11/30/201111/30/2011Morrison Supply Company, LLCMorrison Supply Company, LLCMorrison Supply Company, LLCMorrison Supply Company, LLC -- NorthNorthNorth OtherOther10/5/201110/5/2011Black Pearls Southern Cuisine & Piano Bar Inc.Black Pearls Southern Cuisine & Piano Bar Inc.Black Pearls Southern Cuisine & Piano Bar Inc.Black Pearls Southern Cuisine & Piano Bar Inc. 5050NorthNorthNorth Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing

11/8/201111/8/2011eRecyclingCorps, LLCeRecyclingCorps, LLCeRecyclingCorps, LLCeRecyclingCorps, LLC 3535NorthNorthNorth OtherOther12/15/201112/15/2011 MedMark ServicesMedMark ServicesMedMark ServicesMedMark Services 11.011.0NorthNorthNorth HealthcareHealthcare

12/7/201112/7/2011Trinity Consultants, Inc.Trinity Consultants, Inc.Trinity Consultants, Inc.Trinity Consultants, Inc. 8.28.2NorthNorthNorth OtherOther10/25/201110/25/2011NutraSpace LLCNutraSpace LLCNutraSpace LLCNutraSpace LLC 88NorthNorthNorth Digital MediaDigital Media10/7/201110/7/2011Youtoo Media LPYoutoo Media LPYoutoo Media LPYoutoo Media LP 55NorthNorthNorth Digital MediaDigital Media

10/11/201110/11/2011Hospital Investment Group, LLCHospital Investment Group, LLCHospital Investment Group, LLCHospital Investment Group, LLC 55NorthNorthNorth HealthcareHealthcare11/10/201111/10/2011ZS Pharma, Inc.ZS Pharma, Inc.ZS Pharma, Inc.ZS Pharma, Inc. 4.314.31NorthNorthNorth BiotechnologyBiotechnology11/21/201111/21/2011GMI-MUELLER Hospitality, LPGMI-MUELLER Hospitality, LPGMI-MUELLER Hospitality, LPGMI-MUELLER Hospitality, LP 4.314.31NorthNorthNorth Restaurants/Hospitality/RetailingRestaurants/Hospitality/Retailing11/17/201111/17/2011ServergyServergyServergyServergy 4.064.06NorthNorthNorth CleantechCleantech10/17/201110/17/2011Digital Health Dialog LLCDigital Health Dialog LLCDigital Health Dialog LLCDigital Health Dialog LLC 3.43.4NorthNorthNorth HealthcareHealthcare10/13/201110/13/2011Telligent Systems, Inc.Telligent Systems, Inc.Telligent Systems, Inc.Telligent Systems, Inc. 2.22.2NorthNorthNorth Digital MediaDigital Media10/31/201110/31/2011RethinkBooks, Inc.RethinkBooks, Inc.RethinkBooks, Inc.RethinkBooks, Inc. 22NorthNorthNorth Digital MediaDigital Media11/21/201111/21/2011EnTouch Controls, Inc.EnTouch Controls, Inc.EnTouch Controls, Inc.EnTouch Controls, Inc. 22NorthNorthNorth OtherOther10/11/201110/11/2011DeviceFidelity, Inc.DeviceFidelity, Inc.DeviceFidelity, Inc.DeviceFidelity, Inc. 1.11.1NorthNorthNorth Digital MediaDigital Media11/3/201111/3/2011EnTouch Controls, Inc.EnTouch Controls, Inc.EnTouch Controls, Inc.EnTouch Controls, Inc. 11NorthNorthNorth OtherOther

12/01/201112/01/2011 Assured PharmacyAssured PharmacyAssured PharmacyAssured Pharmacy 0.740.74NorthNorthNorth HealthcareHealthcare11/14/201111/14/2011SalesVu, Inc.SalesVu, Inc.SalesVu, Inc.SalesVu, Inc. 0.60.6NorthNorthNorth Digital MediaDigital Media11/7/201111/7/2011Background Spider, LLCBackground Spider, LLCBackground Spider, LLCBackground Spider, LLC 0.250.25NorthNorthNorth Digital MediaDigital Media

12/21/201112/21/2011 Rebirth PartnersRebirth PartnersRebirth PartnersRebirth Partners 0.10.1NorthNorthNorth OtherOther11/7/201111/7/2011National Roofing Partners, LLCNational Roofing Partners, LLCNational Roofing Partners, LLCNational Roofing Partners, LLC 0.020.02NorthNorthNorth OtherOther

11/23/201111/23/2011Ideal Implant IncorporatedIdeal Implant IncorporatedIdeal Implant IncorporatedIdeal Implant Incorporated 0.0050.005NorthNorthNorth BiotechnologyBiotechnology11/8/201111/8/2011VRTX Technologies, LLCVRTX Technologies, LLCVRTX Technologies, LLCVRTX Technologies, LLC -- SouthSouthSouth OtherOther

10/26/201110/26/2011ENTrigue Surgical, Inc.ENTrigue Surgical, Inc.ENTrigue Surgical, Inc.ENTrigue Surgical, Inc. 44SouthSouthSouth BiotechnologyBiotechnology


10/24/201110/24/2011C&H Scientific, Inc.C&H Scientific, Inc.C&H Scientific, Inc.C&H Scientific, Inc. 0.70.7SouthSouthSouth Consumer ProductsConsumer Products11/22/201111/22/2011Alternative Industrial Energy Systems, Inc.Alternative Industrial Energy Systems, Inc.Alternative Industrial Energy Systems, Inc.Alternative Industrial Energy Systems, Inc. 0.30.3WestWestWest CleantechCleantech


Funded Companies by Sector for the 4th Quarter 2011

Sector $(Millions) Number Avg. DealDigital Media $256.94 28 $9.18Other $65.82 18 $3.66Restaurants/Hospitality/Retailing $64.14 4 $16.04Biotechnology $38.61 10 $3.86Healthcare $25.63 14 $1.83Information Technology $5.80 2 $2.90Cleantech $4.36 2 $2.18Consumer Product $2.35 5 $0.47Financial $0.70 2 $0.35

Date Company Fund Raised Region Sector10/26/2011Inova Labs, Inc. 17.5Central Biotechnology

12/14/2011 Moleculin 4.49Gulf Coast Biotechnology11/10/2011ZS Pharma, Inc. 4.31North Biotechnology10/26/2011ENTrigue Surgical, Inc. 4South Biotechnology

12/13/2011 Micromed Cardiovascular, Inc. 3.18Gulf Coast Biotechnology10/28/2011Marval Biosciences, Inc. 1.52Gulf Coast Biotechnology

11/3/2011Eden Therapeutics Inc. 1Gulf Coast Biotechnology11/30/2011 Eden Therapeutics 1.0Gulf Coast Biotechnology12/30/2011 Ortho Kinematics 0.605Central Biotechnology

11/23/2011Ideal Implant Incorporated 0.005North Biotechnology11/17/2011Servergy 4.06North Cleantech11/22/2011Alternative Industrial Energy Systems, Inc. 0.3West Cleantech10/24/2011C&H Scientific, Inc. 0.7South Consumer Products10/26/2011BWBC, Inc. 0.6Central Consumer Products10/6/2011Heady Brewing Company, LLC 0.55Gulf Coast Consumer Products

11/17/2011Heatgenie 0.471Central Consumer Products11/30/2011 BWBC inc 0.025Central Consumer Products

10/10/2011CollegeDegrees.com, LLC - Gulf Coast Digital Media10/19/2011OwnLocal, Inc. - Central Digital Media10/28/2011WhaleShark Media, Inc. 150Central Digital Media10/25/2011Zaarly, Inc. 14.1Central Digital Media

12/21/2011 Appconomy Inc. 12.91Central Digital Media10/24/2011MyEdu Corporation 10Central Digital Media11/23/2011Bloomfire, Inc. 10Central Digital Media

12/02/2011 Bloomfire 10.0Central Digital Media10/25/2011NutraSpace LLC 8North Digital Media11/25/2011Unwired Nation, Inc. 6.55Central Digital Media10/7/2011Youtoo Media LP 5North Digital Media


10/10/2011Replay Games, Inc. 5Central Digital Media10/12/2011Quarri Technologies, Inc. 4.6Central Digital Media

11/7/2011iVerse Media, LLC 4Central Digital Media11/1/2011Quarri Technologies, Inc. 3Gulf Coast Digital Media

10/11/2011keepwheel, Inc. 2.56Central Digital Media10/13/2011Telligent Systems, Inc. 2.2North Digital Media10/31/2011RethinkBooks, Inc. 2North Digital Media11/14/2011Bypass Mobile, LLC 1.76Central Digital Media11/15/2011WP Engine, LLC. 1.2Central Digital Media10/11/2011DeviceFidelity, Inc. 1.1North Digital Media

12/08/2011 Unwired Nation 1.0Central Digital Media11/14/2011SalesVu, Inc. 0.6North Digital Media11/14/2011CanaryHop, Inc. 0.53Gulf Coast Digital Media

11/30/2011 Volume 11 Media 0.27Central Digital Media11/7/2011Background Spider, LLC 0.25North Digital Media

11/16/2011Humanweb Networks 0.25Central Digital Media12/08/2011 UCampus 0.06Central Digital Media

12/5/2011Rêv Worldwide - Central Financial10/13/2011Strongroom Solutions, LLC 0.7Gulf Coast Financial10/24/2011E4 Health Care, Inc. - North Healthcare12/3/2011SightLine Health, LLC - Gulf Coast Healthcare

12/15/2011 MedMark Services 11.0North Healthcare10/11/2011Hospital Investment Group, LLC 5North Healthcare10/17/2011Digital Health Dialog LLC 3.4North Healthcare11/28/2011Altus Healthcare Management Services, Inc. 3Gulf Coast Healthcare11/17/2011Biopsych Health Systems, Inc. 2Gulf Coast Healthcare

12/01/2011 Assured Pharmacy 0.74North Healthcare10/28/2011Greater Alabama Lithotripsy LLC 0.11Central Healthcare11/20/2011MedPoint Health Partners, LLC 0.1Gulf Coast Healthcare

12/01/2011 MedPoint Health Partners, LLC 0.1Gulf Coast Healthcare12/05/2011 Biopsych Health Systems 0.075Gulf Coast Healthcare

11/4/2011Montana Urological Services LLC 0.05Central Healthcare11/4/2011Treasure Valley Urology Services LLC 0.05Central Healthcare10/5/2011Uplogix, Inc. 4.3Central Information Technology

12/12/2011 Outbox 1.5Central Information Technology11/3/2011G.E.T. Enterprises, Inc. - Gulf Coast Other11/8/2011VRTX Technologies, LLC - South Other

11/30/2011Morrison Supply Company, LLC - North Other11/8/2011eRecyclingCorps, LLC 35North Other12/7/2011Trinity Consultants, Inc. 8.2North Other11/1/2011Noesis Energy, Inc. 6.5Central Other12/1/2011Berry Aviation, Inc. 4.3Central Other

10/31/2011Oxane Materials, Inc. 4.047Gulf Coast Other10/7/2011Materials Science Technology, Inc. 2.5Gulf Coast Other

11/21/2011EnTouch Controls, Inc. 2North Other11/3/2011EnTouch Controls, Inc. 1North Other

11/28/2011Smart OES LLC 1Gulf Coast Other11/23/2011TalentGuard Holdings 0.518Central Other11/10/2011Berry Aviation, Inc. 0.5Central Other11/14/2011Green Revolution Cooling, Inc. 0.1Central Other

12/21/2011 Rebirth Partners 0.1North Other12/19/2011 1Spire 0.03Gulf Coast Other

11/7/2011National Roofing Partners, LLC 0.02North Other10/5/2011Black Pearls Southern Cuisine & Piano Bar Inc. 50North Restaurants/Hospitality/Retailing


10/1/2011Southern Star Courts I, LP 8.33Central Restaurants/Hospitality/Retailing11/21/2011GMI-MUELLER Hospitality, LP 4.31North Restaurants/Hospitality/Retailing10/4/2011Sports & Music One Live LP 1.5Central Restaurants/Hospitality/Retailing

Funded Companies by Region for the 4th Quarter 2011

Central $281.22North $148.30Gulf $28.82South $4.70West $0.30

$463.34

Date Company Fund Raised Region Sector10/19/2011OwnLocal, Inc. - Central Digital Media12/5/2011Rêv Worldwide - Central Financial

10/28/2011WhaleShark Media, Inc. 150Central Digital Media10/26/2011Inova Labs, Inc. 17.5Central Biotechnology10/25/2011Zaarly, Inc. 14.1Central Digital Media

12/21/2011 Appconomy Inc. 12.91Central Digital Media10/24/2011MyEdu Corporation 10Central Digital Media11/23/2011Bloomfire, Inc. 10Central Digital Media

12/02/2011 Bloomfire 10.0Central Digital Media10/1/2011Southern Star Courts I, LP 8.33Central Restaurants/Hospitality/Retailing

11/25/2011Unwired Nation, Inc. 6.55Central Digital Media11/1/2011Noesis Energy, Inc. 6.5Central Other

10/10/2011Replay Games, Inc. 5Central Digital Media10/12/2011Quarri Technologies, Inc. 4.6Central Digital Media10/5/2011Uplogix, Inc. 4.3Central Information Technology12/1/2011Berry Aviation, Inc. 4.3Central Other11/7/2011iVerse Media, LLC 4Central Digital Media

10/11/2011keepwheel, Inc. 2.56Central Digital Media11/14/2011Bypass Mobile, LLC 1.76Central Digital Media10/4/2011Sports & Music One Live LP 1.5Central Restaurants/Hospitality/Retailing

12/12/2011 Outbox 1.5Central Information Technology11/15/2011WP Engine, LLC. 1.2Central Digital Media

12/08/2011 Unwired Nation 1.0Central Digital Media


12/30/2011 Ortho Kinematics 0.605Central Biotechnology10/26/2011BWBC, Inc. 0.6Central Consumer Products11/23/2011TalentGuard Holdings 0.518Central Other11/10/2011Berry Aviation, Inc. 0.5Central Other11/17/2011Heatgenie 0.471Central Consumer Products

11/30/2011 Volume 11 Media 0.27Central Digital Media11/16/2011Humanweb Networks 0.25Central Digital Media10/28/2011Greater Alabama Lithotripsy LLC 0.11Central Healthcare11/14/2011Green Revolution Cooling, Inc. 0.1Central Other

12/08/2011 UCampus 0.06Central Digital Media11/4/2011Montana Urological Services LLC 0.05Central Healthcare11/4/2011Treasure Valley Urology Services LLC 0.05Central Healthcare

11/30/2011 BWBC inc 0.025Central Consumer Products10/10/2011CollegeDegrees.com, LLC - Gulf Coast Digital Media

11/3/2011G.E.T. Enterprises, Inc. - Gulf Coast Other12/14/2011 Moleculin 4.49Gulf Coast Biotechnology

10/31/2011Oxane Materials, Inc. 4.047Gulf Coast Other12/13/2011 Micromed Cardiovascular, Inc. 3.18Gulf Coast Biotechnology

11/1/2011Quarri Technologies, Inc. 3Gulf Coast Digital Media10/7/2011Materials Science Technology, Inc. 2.5Gulf Coast Other

11/17/2011Biopsych Health Systems, Inc. 2Gulf Coast Healthcare10/28/2011Marval Biosciences, Inc. 1.52Gulf Coast Biotechnology

11/3/2011Eden Therapeutics Inc. 1Gulf Coast Biotechnology10/13/2011Strongroom Solutions, LLC 0.7Gulf Coast Financial10/6/2011Heady Brewing Company, LLC 0.55Gulf Coast Consumer Products

11/14/2011CanaryHop, Inc. 0.53Gulf Coast Digital Media11/20/2011MedPoint Health Partners, LLC 0.1Gulf Coast Healthcare

12/19/2011 1Spire 0.03Gulf Coast Other12/3/2011SightLine Health, LLC - Gulf Coast Healthcare

11/28/2011Altus Healthcare Management Services, Inc. 3Gulf Coast Healthcare

11/28/2011Smart OES LLC 1Gulf Coast Other11/30/2011 Eden Therapeutics 1.0Gulf Coast Biotechnology12/01/2011 MedPoint Health Partners, LLC 0.1Gulf Coast Healthcare12/05/2011 Biopsych Health Systems 0.075Gulf Coast Healthcare

10/24/2011E4 Health Care, Inc. - North Healthcare11/30/2011Morrison Supply Company, LLC - North Other10/5/2011Black Pearls Southern Cuisine & Piano Bar Inc. 50North Restaurants/Hospitality/Retailing

11/8/2011eRecyclingCorps, LLC 35North Other12/15/2011 MedMark Services 11.0North Healthcare

12/7/2011Trinity Consultants, Inc. 8.2North Other10/25/2011NutraSpace LLC 8North Digital Media10/7/2011Youtoo Media LP 5North Digital Media

10/11/2011Hospital Investment Group, LLC 5North Healthcare11/10/2011ZS Pharma, Inc. 4.31North Biotechnology11/21/2011GMI-MUELLER Hospitality, LP 4.31North Restaurants/Hospitality/Retailing11/17/2011Servergy 4.06North Cleantech10/17/2011Digital Health Dialog LLC 3.4North Healthcare10/13/2011Telligent Systems, Inc. 2.2North Digital Media


10/31/2011RethinkBooks, Inc. 2North Digital Media11/21/2011EnTouch Controls, Inc. 2North Other10/11/2011DeviceFidelity, Inc. 1.1North Digital Media11/3/2011EnTouch Controls, Inc. 1North Other

12/01/2011 Assured Pharmacy 0.74North Healthcare11/14/2011SalesVu, Inc. 0.6North Digital Media11/7/2011Background Spider, LLC 0.25North Digital Media

12/21/2011 Rebirth Partners 0.1North Other11/7/2011National Roofing Partners, LLC 0.02North Other

11/23/2011Ideal Implant Incorporated 0.005North Biotechnology11/8/2011VRTX Technologies, LLC - South Other

10/26/2011ENTrigue Surgical, Inc. 4South Biotechnology10/24/2011C&H Scientific, Inc. 0.7South Consumer Products11/22/2011Alternative Industrial Energy Systems, Inc. 0.3West Cleantech


Texas Startup Investment Trends

The following major trends can be seen in startup investment.

1. What is getting funded? Capital efficient deals.

Those who can accomplish the most with the least amount of capital receive preference from investors. First time entrepreneurs need to develop a product and go to market to generate product and market validation. There is little seed stage money for first timers. Entrepreneurs must demonstrate a business model that can acquire customers at a low cost and scale the business with few additional capital raises.

2. The number of deals increases but at lower raises.

Angel investing continues to evolve with the market. One of the trends seen in the market today is the increase in the number of angel deals while the dollar investment in each deal has dropped. This is due to several factors. The cost of starting a business has dropped dramatically over the last ten years. In the 1990s, entrepreneurs asked for $5M to start a web company. Back then, they had to build their own server systems and buy all the computer equipment. In the post millennium those starting a web-based business asked for $500K because they could rent the equipment and buy time and space on a server farm already in place. In the post 2010 era, the raise continues to drop. It’s not uncommon for some startups to use that level of funding to start their business and gain traction. Also, there are more companies raising funding to start their business so the competition for the investment dollar is greater. Finally, the contraction in the financial markets starting in 2008 and 2009 has squeezed down the availability of credit making it more difficult to find capital. This trend can also be seen in survey numbers. According to Jeffrey Sohl of the University of New Hampshire’s Center for Venture Research in 2005 the average angel deal size was $523K. By 2010 that number had shrunk to $325K. The number of deals done in 2005 was 49,000 which grew to over 61,000 in 2010.

http://wsbe.unh.edu/sites/default/files/q1q2_2011_analysis_report.pdf

3. Valuations -- Valuations are holding steady.

The financial meltdown of 2008-2009 saw the markets cut in half. Valuations in startups followed the same path and fell by up to 50% in some cases. Investors in that time frame often cut the proposed valuation in half. Since then valuations have recovered to their 2008 pre-crash levels and have held steady with no move upward for the past year.

4. Syndication -- Syndication with all investor types and not just angel investors.

Previously, angel investors only syndicated deals with other angel groups of the same structure, but the trend today is toward syndication with any investor of any type. Entrepreneurs piece together a funding deal from numerous angel groups, early stage VCs, family funds, and individual investors not attached to angel groups.
















































5. Venture Capital/Family funds-- Venture Capital continues its move to later stage deals.

The VC community is about one fourth what it was ten years ago and have moved away from early stage startups to later stage deals. Family funds also look warily at the early stage startup and typically wait for more progress.

6. Accelerator models are on the rise.

Microfunding through mentorship programs are growing dramatically around the country. The Techstars/YCombinator model of 20 mentors coming together to fund and mentor a handful of companies continues to grow. The typical mentor invests $5K for a small piece of equity and collectively brings critical mass of expertise to five startups. This spreads the mentorship work across several in a peer group and increases the chance of success by engaging several startups at a time.

7. Sectors

Cloud software, social media, healthcare IT, mobile devices are seeing a strong surge in growth. Medical devices and consumer products are holding steady while cleantech is down due to the high cost of follow on funding.

8. Crowdsource funding is increasing.

As the amount of the funding raise drops and the number of deals increases many entrepreneurs are turning to the web to crowdsource investors for their deal. Websites such as Prosper.com, Microventures.com, Peerbackers.com, Indie-gogo.com, Kickstarter.com, and Rockethub.com cater to those using the web to find investors and make connections.

9. Royalty-based funding is increasing among traditional angel investors.

Angel investors tired of waiting seven to nine years for an exit are seeking faster payback times and are turning to investing cash in return for a percent of the revenue rather than equity. It is also called revenue-based funding. This applies to deals with a predictable revenue stream and a steady growth model.

10. Angel groups are moving to open formats.

With the growing availability of the internet and the reduced barriers to entry to startup a company, angel groups are moving to open formats as seen by the number of websites such as Angel List(http://angel.co/). The primary software platform used by angel groups is Angelsoft which recently upgraded its platform and renamed itself to Gust (http://www.gust.com/) to reposition itself to take advantage of this trend.


http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://angel.co/

http://www.gust.com/
















Angel investors list their criteria and experience on an open website and invite entrepreneurs to submit deals for review. The investor follows up with the deals that are of interest.

Texas Startup Investment Forecast

1. Investors -- there will be an increase in out of state investors in Texas. With the growth of the Texas economy, more investors outside of Texas will start to fund Texas-based deals. There is a growing number of out of state investors in the deal rooms especially from the Midwest and east coast.

2. Valuations -- there will be an increase in valuations in the coming six months in particular for Information technology, Mobile applications, and Healthcare companies. The other sectors will remain the same.

3. Deal flow -- there will be an increasing number of out of state deals seeking funding in Texas. There will be more startups moving to Texas to take advantage of the low cost business climate and the availability of funding. Funding forums and pitch sessions with increase in number throughout the state in 2012. Healthcare deal flow as well as information technology will continue to see increased activity. Cleantech will continue to decline due to the high cost of follow-on funding.

4. Exits -- there will be a shift to exiting early by selling the company in rollups rather than waiting for the company to be acquired by a large purchaser. Startups with an exit in three years or less will become more prevalent due to the high cost of capital required to expand further.


Business Filings

Q4 XRANGE CORP_TYPE ECOUNT Total Q4% of state

North75000 - 76999

Domestic Limited Liability Company (LLC) 4620

Texas75000 - 76999

Domestic Limited Liability Partnership (LLP) 56

75000 - 76999 Domestic Limited Partnership (LP) 67975000 - 76999 Foreign Limited Liability Company (LLC) 22475000 - 76999

Foreign Limited Liability Partnership (LLP) 1

75000 - 76999 Foreign Limited Partnership 30 5610North 35.89%

Gulf77000 - 77999


Coast77000 - 77999


77000 - 77999 Domestic Limited Partnership (LP) 46877000 - 77999 Foreign Limited Liability Company (LLC) 15077000 - 77999 Foreign Limited Partnership 29 4353Gulf 27.85%

78000 - 78599


South78000 - 78599


Texas78000 - 78599 Domestic Limited Partnership (LP) 170 78000 - 78599 Foreign Limited Liability Company (LLC) 3378000 - 78599


78000 - 78599 Foreign Limited Partnership 1 1908South 12.21%

Central78600 - 78999


Texas78600 - 78999


78600 - 78999 Domestic Limited Partnership (LP) 19178600 - 78999 Foreign Limited Liability Company (LLC) 3378600 - 78999


78600 - 78999 Foreign Limited Partnership 11 2903Central 18.57%


West79000 - 80000


Texas79000 - 80000


79000 - 80000 Domestic Limited Partnership (LP) 10879000 - 80000 Foreign Limited Liability Company (LLC) 1579000 - 80000 Foreign Limited Partnership 4 852West 5.45%

All of TexasDomestic Limited Liability Company (LLC) 13302

All of TexasDomestic Limited Liability Partnership (LLP) 178

All of Texas Domestic Limited Partnership (LP) 1618All of Texas Foreign Limited Liability Company (LLC) 456

All of TexasForeign Limited Liability Partnership (LLP) 3

All of Texas Foreign Limited Partnership 74 15631


TxEN Funded Companies

Funding for companies participating in the Texas Entrepreneur Network Funding Forum series totaled $11.38M for 2011. They are

Company FundingXeris Pharmaceutical $1,960,000 Windmill Cardiovascular $2,200,000 Waldo Health $500,000 AudioToniq $3,100,000 Omniwater $800,000 Spacecraft $1,350,000 Protect Networks $1,000,000 Heatgenie $471,000

$11,381,000


References

University of New Hampshire Center for Venture Research Report


Angelinvestmentnetwork.net

http://www.angelinvestmentnetwork.net/2011-11/angel-investment-network%E2%80%99s-weekly-twitter-roundup-27

AOEF.org

http://aoef.org/articles/JEF_200608_v11_i02_p27.pdf

Form Ds website:

http://www.formds.com/filings/newest

http://www.investorscopes.com/

Contact Us

For more information about startup funding in the state of Texas please contact

Hall T. Martin

Director, Texas Entrepreneur Networks

512-656-9487

[email protected]








































































































































































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