Posted: 11:18 p.m. Monday, Sept. 16, 2013
Noro-Moseley Partners Raise Over $46 Million By Rick Hancock
FIRST ON AJC TECH BIZ!
On Monday, Atlanta-based Noro-Moseley Partners (NMP) filed notice with the US Securities and Exchange Commission that it has raised nearly $47 million dollars in a new venture fund.
NMP is a prominent southeastern venture capital firm that has invested in more than 150 start-ups and early-growth-stage companies in the technology, healthcare and business services industries.
According to the SEC filing, the date of the first sale occured in late August with $100,000 minimum investment accepted from outside investors. The actual amount raised so far in Noro-Moseley Partners VII is $46,973,432, coming from 45 different funding sources.
Notable Noro-Moseley Partners investments include Firethorn, a mobile banking firm which was acquired by Qualcomm in 2007, and digital security firm SecureWorks , now part of Dell.
Rick Hancock is editor of MyAJC.com at The Atlanta Journal-Constitution digital subscriber website. Rick will also be the primary contributor to AJC Tech Biz.
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