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Venture Capital
southcap.com

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Investments

27

Portfolio Exits

6

Funds

2

About Southern Capitol Ventures

Southern Capital Ventures (SCV) focuses on early stage technology firms in the Southeast and Mid Atlantic. SCV typically makes an initial investment of $75k to $1MM.

Southern Capitol Ventures Headquarter Location

21 Glenwood Avenue Suite 105

Raleigh, North Carolina, 27603,

United States

(919) 858-7580

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Latest Southern Capitol Ventures News

PE HUB » SaaS Startup Zift Solutions Raises VC Funding

Sep 3, 2015

Friends (0) June 2, 2010    4 Views    1 Comment peHUB has learned that Zift Solutions, a Raleigh, N.C.-based provider of SaaS that helps corporations create controlled marketing campaigns for channel partners, has raised $500,000 in Series A funding from Southern Capitol Ventures. The round could be topped off at $1.5 million, if Southern Capitol opts to bring on a syndicate partner. The company has already been around nearly three years due to bootstrapping, and has secured customers like HP and Red Hat. “They help clients better communicate its marketing message to its partner programs,” explains Jason Caplain of SCV. “For example, the technology allows a company like HP to create different email or website templates that contain some basic, unchangeable marketing materials, but which the channel partners also can customize.” This sort of thing doesn’t normally rate its own post here (that’s usually what our news section is for) but I’ve been thinking a lot about North Carolina startups since returning from the VCIC Finals last month. Specifically, I’ve been thinking about the financing troubles they face. Southern Capitol Ventures is an active firm in Research Triangle Park, as is Intersouth Partners and NC Idea. After that, there really aren’t any local firms doing much local investing. Moreover, the lack of a nonstop flight from San Francisco to RDU puts even more financing pressure on local startups. I talked about the situation a bit with Zift co-founder and CEO Ken Romley, who previously was president and CEO/CTO of local startup SmartPath (acquired by DoubleClick). “Getting talent around here is pretty easy, because of the strong academic institutions and the general lifestyle,” Romney explained. “But financing is definitely hard to come by because there are so few VCs here on the ground. You’d think there would be more, considering the number of young tech companies we have.” Romley adds that Zift’s financing round should take it to profitability sometime next year – it’s already been around three years thanks to bootstrapping – after which it may consider a $5-$7m Series B round. 1 Comment Eric Boggs     June 2, 2010 There aren’t many local firms in the Triangle, but plenty of regional firms are doing deals in the area. Trinity, Valhalla, ATV, Chrysalis, and others. Not a lot of West Coast interest…which is the bigger issue. Leave a Reply

Southern Capitol Ventures Investments

27 Investments

Southern Capitol Ventures has made 27 investments. Their latest investment was in Zift Solutions as part of their Series B on September 9, 2015.

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Southern Capitol Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/3/2015

Series B

Zift Solutions

$14.3M

No

3

11/4/2014

Series A - IV

Zift Solutions

$3M

No

2

9/17/2012

Seed VC

BrightContext

$1.74M

Yes

2

6/20/2012

Series C

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$99M

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0

1/6/2012

Series A - III

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$99M

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0

Date

9/3/2015

11/4/2014

9/17/2012

6/20/2012

1/6/2012

Round

Series B

Series A - IV

Seed VC

Series C

Series A - III

Company

Zift Solutions

Zift Solutions

BrightContext

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Amount

$14.3M

$3M

$1.74M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

3

2

2

0

0

Southern Capitol Ventures Portfolio Exits

6 Portfolio Exits

Southern Capitol Ventures has 6 portfolio exits. Their latest portfolio exit was ReverbNation on November 05, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/5/2021

Acquired

$99M

3

12/6/2018

Acquired

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$99M

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10

4/16/2014

Acquired

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$99M

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10

5/23/2013

IPO

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$99M

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10

3/26/2011

Acquired

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$99M

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0

Date

11/5/2021

12/6/2018

4/16/2014

5/23/2013

3/26/2011

Exit

Acquired

Acquired

Acquired

IPO

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

0

Southern Capitol Ventures Fund History

2 Fund Histories

Southern Capitol Ventures has 2 funds, including Southern Capitol Technology Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/28/2006

Southern Capitol Technology Fund II

Early-Stage Venture Capital

Closed

$15M

1

6/17/2003

Southern Capitol Technology Fund

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$99M

10

Closing Date

12/28/2006

6/17/2003

Fund

Southern Capitol Technology Fund II

Southern Capitol Technology Fund

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$15M

$99M

Sources

1

10

Southern Capitol Ventures Team

2 Team Members

Southern Capitol Ventures has 2 team members, including current Founder, General Partner, Jason Caplain.

Name

Work History

Title

Status

Jason Caplain

Founder, General Partner

Current

Ben Brooks

Founding Partner

Current

Name

Jason Caplain

Ben Brooks

Work History

Title

Founder, General Partner

Founding Partner

Status

Current

Current

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