Wakefield Group

Wakefield Group is a venture capital firm established in 1988 and located in Charlotte, North Carolina. The firm specializes in investing in companies situated in the southeastern United States, focusing on sectors such as technology, healthcare, e-commerce, infrastructure, business services, and media. By targeting these industries, Wakefield Group aims to support the growth of innovative businesses in the region.

Steven Nelson

Partner and Managing Director

36 past transactions

Sift Media

Series A in 2016
Sift Media, Inc., based in Durham, North Carolina, specializes in developing automated bidding software for mobile advertisement opportunities within real-time auction exchanges. Founded in 2015, the company utilizes advanced artificial intelligence and machine learning algorithms to optimize mobile advertising campaigns. Sift Media processes over 50 billion mobile ad requests daily, enabling it to hyper-target app install advertisements effectively. Its platform is designed to enhance campaign performance by optimizing conversion rates and click-to-install times, while also providing features for whitelisting and blacklisting specific app bundles. To date, Sift Media has served over 40 billion mobile ads and facilitated more than 25 million app installs for a diverse range of advertisers.

Envisia Therapeutics

Series A in 2013
Envisia Therapeutics Inc. is a company focused on discovering and developing innovative therapies for ophthalmic medical needs. Founded in 2013 and based in Durham, North Carolina, the company utilizes its proprietary Particle Replication In Non-Wetting Templates (PRINT) technology to create a range of particle-based therapies. Envisia is particularly known for its lead product, ENV515, a prostaglandin analogue designed to deliver sustained intraocular pressure reduction for extended periods. In addition to this, the company is developing glaucoma drug therapies that leverage PRINT particle therapeutics to improve drug delivery and efficacy while addressing common barriers faced by existing ocular treatments. As the demand for more effective ocular therapeutics continues to grow, Envisia aims to enhance patient outcomes and convenience in the management of ocular diseases.

rPath

Series D in 2010
rPath is a company that specializes in automating application deployment and maintenance across physical, virtual, and cloud environments. Founded in 2005 and headquartered in Raleigh, North Carolina, rPath offers a unique release automation platform that incorporates a commercial version control repository specifically designed for managing deployed software systems. This innovative approach allows businesses to streamline their application deployment processes while minimizing time, cost, and risk. By providing a comprehensive automation solution, rPath facilitates efficient and compliant management of software applications in diverse operating environments.

rPath

Series C in 2008
rPath is a company that specializes in automating application deployment and maintenance across physical, virtual, and cloud environments. Founded in 2005 and headquartered in Raleigh, North Carolina, rPath offers a unique release automation platform that incorporates a commercial version control repository specifically designed for managing deployed software systems. This innovative approach allows businesses to streamline their application deployment processes while minimizing time, cost, and risk. By providing a comprehensive automation solution, rPath facilitates efficient and compliant management of software applications in diverse operating environments.

Appia

Series A in 2008
Appia is a prominent mobile user acquisition network that specializes in delivering mobile app downloads to over 1 billion users across 200 countries. The company provides a marketplace platform for mobile application developers, offering them a distribution point while enabling advertisers to acquire high-value customers. Appia's advanced technology and extensive network ensure that applications reach a large and engaged audience, maximizing app installs and profit per install for its clients. With a diverse portfolio of trusted brands, Appia has established itself as a leader in mobile app discovery. The company operates from offices in San Francisco, California, and Durham, North Carolina, along with global sales offices, and has gained recognition for its rapid growth and innovation in the mobile advertising space.

FrontStream

Series A in 2008
FrontStream develops integrated software platforms for nonprofit organizations and corporations worldwide. Its solutions streamline fundraising efforts through tools like Panorama Products, Panorama Premium, and Panorama Enterprise, enabling users to manage events, donations, donors, volunteers, and corporate social responsibility initiatives more effectively.

Liquidia Technologies

Series B in 2007
Liquidia Technologies is a late-stage clinical biopharmaceutical company based in the United States, dedicated to developing and commercializing innovative therapeutics. Utilizing its proprietary PRINT technology, a particle engineering platform, Liquidia produces uniform drug particles aimed at enhancing the safety and efficacy of various therapies. The company is advancing two key product candidates: LIQ861, intended for the treatment of pulmonary arterial hypertension, and LIQ865, designed for managing local post-operative pain. Additionally, Liquidia collaborates with leading pharmaceutical firms to leverage its PRINT technology across multiple therapeutic areas, molecule types, and administration routes, addressing unmet patient needs, particularly in the realm of pulmonary hypertension.

rPath

Series B in 2007
rPath is a company that specializes in automating application deployment and maintenance across physical, virtual, and cloud environments. Founded in 2005 and headquartered in Raleigh, North Carolina, rPath offers a unique release automation platform that incorporates a commercial version control repository specifically designed for managing deployed software systems. This innovative approach allows businesses to streamline their application deployment processes while minimizing time, cost, and risk. By providing a comprehensive automation solution, rPath facilitates efficient and compliant management of software applications in diverse operating environments.

Motricity

Venture Round in 2006
Motricity Inc., based in Conway, South Carolina, is a provider of mobile data and solutions designed for the wireless industry. The company specializes in offering innovative mobile content services that enhance the capabilities of mobile operators, helping them attract new users and generate revenue from their existing customer base. Motricity focuses on mobile merchandising, marketing, and advertising services, enabling advertising agencies, consumer brands, and mobile operators to create mobile-optimized experiences that foster interaction, content consumption, and commerce within the mobile ecosystem. With over a decade of experience in the mobile industry, Motricity aims to maximize the effectiveness of marketing budgets and improve customer lifetime value for its clients.

Liquidia Technologies

Series A in 2006
Liquidia Technologies is a late-stage clinical biopharmaceutical company based in the United States, dedicated to developing and commercializing innovative therapeutics. Utilizing its proprietary PRINT technology, a particle engineering platform, Liquidia produces uniform drug particles aimed at enhancing the safety and efficacy of various therapies. The company is advancing two key product candidates: LIQ861, intended for the treatment of pulmonary arterial hypertension, and LIQ865, designed for managing local post-operative pain. Additionally, Liquidia collaborates with leading pharmaceutical firms to leverage its PRINT technology across multiple therapeutic areas, molecule types, and administration routes, addressing unmet patient needs, particularly in the realm of pulmonary hypertension.

Digital Safety Technologies

Venture Round in 2005
Digital Safety Technologies specializes in the manufacture, sales, technical support, and integration of advanced digital video surveillance systems, including in-car video recording systems and data management tools. The company is committed to serving former Integrian customers while also catering to new clients with innovative mobile video technology solutions. By combining a robust product offering with dedicated support, Digital Safety Technologies has quickly positioned itself as a leading provider in the field of digital safety and security systems.

Integrian

Series B in 2005
Integrian is a company that specializes in the development and manufacturing of mobile digital video solutions tailored for public safety. It focuses on creating mobile video surveillance systems that enhance security for various organizations, including municipal police departments, highway patrol agencies, and transit authorities. Integrian's products include video management systems and in-vehicle digital video solutions designed to protect against security threats, lawsuits, and vandalism. By catering to the specific needs of public safety entities, Integrian plays a crucial role in enhancing the effectiveness and accountability of law enforcement and transit operations.

Constella Group

Venture Round in 2005
Constella Group, Inc., formerly known as Analytical Sciences, Inc., is a prominent provider of professional health services on a global scale. The company operates through three key business units: Health Sciences, Biomedical Informatics, and Health Strategies, which collaborate to deliver health research and a range of technical and consulting services. These services are designed to assist government and industry clients in identifying and addressing various human health challenges, including HIV/AIDS, environmental health, public health preparedness, and mental health issues. Constella Group is involved in the design and implementation of public health and social programs that target population health concerns, reproductive health, infectious diseases, and maternal and child health. Additionally, the company offers strategic consulting, clinical trials, data management, pharmacovigilance, and medical writing services, serving clients in the pharmaceutical and biotechnology sectors. Celebrating two decades of operation, Constella Group remains committed to enhancing human health through innovative science, technology, and knowledge solutions.

Motricity

Venture Round in 2004
Motricity Inc., based in Conway, South Carolina, is a provider of mobile data and solutions designed for the wireless industry. The company specializes in offering innovative mobile content services that enhance the capabilities of mobile operators, helping them attract new users and generate revenue from their existing customer base. Motricity focuses on mobile merchandising, marketing, and advertising services, enabling advertising agencies, consumer brands, and mobile operators to create mobile-optimized experiences that foster interaction, content consumption, and commerce within the mobile ecosystem. With over a decade of experience in the mobile industry, Motricity aims to maximize the effectiveness of marketing budgets and improve customer lifetime value for its clients.

Relativity Technologies

Venture Round in 2004
Relativity Technologies offers application modernization and application portfolio management software. The company's clients include financial service providers, healthcare payers, insurance providers, and the public sector. Relativity Technologies was founded in 1997 and is based in Raleigh, North Carolina. As of January 5, 2009, Relativity Technologies operates as a subsidiary of Micro Focus International.

Click Tactics

Series E in 2004
Click Tactics, Inc. is an Internet-based direct marketing services provider. They help small to medium-sized businesses increase their business potential by providing marketing assistance and data management. Click Tactics' goal is to partner with large corporations who have smaller businesses as customers.

Integrien

Series A in 2004
Integrien Corporation, founded in 2001 and headquartered in Irvine, California, specializes in designing, developing, and marketing integrity management solutions. The company focuses on enabling problem diagnosis, prediction, and prevention, while also detecting application slowdowns and outages. In addition to its core solutions, Integrien offers troubleshooting, maintenance, and system integration and implementation services to enhance operational efficiency. The company has established strategic partnerships with major industry players, including IBM, HP, BMC, VMware, and Tata Consultancy Services, to further strengthen its service offerings and market presence.

Biolex Therapeutics

Venture Round in 2003
Biolex Therapeutics is a clinical-stage biopharmaceutical company focused on developing therapeutic proteins and monoclonal antibodies using its patented LEX System. This innovative technology genetically transforms the aquatic plant Lemna to facilitate the production of biologic product candidates that are challenging to manufacture. Biolex's primary product is designed to address the needs of patients afflicted with Hepatitis C, aiming to improve treatment outcomes through enhanced efficacy and potency of its therapeutic offerings.

APEX Analytix

Series A in 2003
APEX Analytix, LLC is a provider of audit services and technology aimed at retail and commercial clients, facilitating connections between suppliers and customers globally. Founded in 1988 and headquartered in Greensboro, North Carolina, with additional offices in Hong Kong and the United Kingdom, the company offers a range of solutions including FirstStrike, which helps prevent supplier overpayments and identify risks, and SmartVM, a tool for real-time supplier information management. Their services encompass accounts payable audits, fraud detection, procurement analytics, and various compliance reviews across multiple sectors such as finance, healthcare, manufacturing, and utilities. APEX Analytix supports organizations in managing disbursements effectively, safeguarding $2.6 trillion annually, and boasts a comprehensive global supplier database backed by extensive communication analytics. Their expertise spans across 98% of global trade, making them a trusted advisor for clients worldwide.

Relativity Technologies

Series F in 2003
Relativity Technologies offers application modernization and application portfolio management software. The company's clients include financial service providers, healthcare payers, insurance providers, and the public sector. Relativity Technologies was founded in 1997 and is based in Raleigh, North Carolina. As of January 5, 2009, Relativity Technologies operates as a subsidiary of Micro Focus International.

Pinpoint Networks

Venture Round in 2002
Pinpoint connects you with Microsoft recommended solution providers that can provide you with applications and technology solutions for your unique business needs.

Bloodhound Software

Series E in 2002
Bloodhound Software specializes in claims editing and analytics services, primarily through its advanced platform, ConVergence Point. This hosted claims editing service is designed to enhance the claims revenue cycle by processing claims against 16 million edits in real-time, ensuring subsecond response times. ConVergence Point operates on open-sourced edits grounded in national standards, allowing customization to align precisely with payer reimbursement policies. Additionally, the platform includes a web portal that enables providers to review edits and correct claims prior to submission, promoting greater accuracy and transparency in the claims process.

Relativity Technologies

Series D in 2002
Relativity Technologies offers application modernization and application portfolio management software. The company's clients include financial service providers, healthcare payers, insurance providers, and the public sector. Relativity Technologies was founded in 1997 and is based in Raleigh, North Carolina. As of January 5, 2009, Relativity Technologies operates as a subsidiary of Micro Focus International.

NetOctave

Series B in 2002
NetOctave, Inc. specializes in developing advanced security processors and accelerator add-in cards designed for the SSL, IPsec, and IP Storage markets. The company employs innovative silicon architectures to provide high-performance, turnkey solutions that enhance the security of high-speed network communications. By delivering complete protocol offload at line rates, NetOctave's products enable OEM manufacturers of network equipment to achieve market-leading system-level performance, ensuring efficient handling of encrypted traffic.

iLIANT

Venture Round in 2002
iLIANT is a healthcare distributor that delivers and integrates medical software for physician practices and emergency medical service companies. It offers its users with business outsourcing and management services, including medical billing and collections, revenue cycle management, transcription, credentialing, and application hosting. The company also provides consulting services such as operational assessments and benchmarking, development services, third party payer management, and coding reviews. iLIANT is a U.S.-based company that was founded in 2000 and the company was acquired by MED3000 on July 28, 2006.

BlueBolt Networks

Series A in 2001
BlueBolt Networks is a software company creating solutions for the $190 billion interiors industry. BlueBolt combines technology with standardized, comprehensive and accurate information on interior products to enable all members of the industry to work together more efficiently. The company was founded in 1999 by Lori Eichel, a textile designer with 20 years of experience in computer-aided design and product development. Based on the strength of the initial product design, BlueBolt Networks recruited President and CEO Al Kabus, a leader in the interiors industry with more than 20 years of experience. Today, BlueBolt Networks' management team includes more than 70 years of cumulative experience working for some of the industry's top brands.

Click Tactics

Series A in 2000
Click Tactics, Inc. is an Internet-based direct marketing services provider. They help small to medium-sized businesses increase their business potential by providing marketing assistance and data management. Click Tactics' goal is to partner with large corporations who have smaller businesses as customers.

Quokka Sports

Post in 2000
Quokka Sports, Inc. provides sports entertainment services for the global digital world through its two divisions: Qmedia and Qtech. Qmedia focuses on acquiring digital rights, producing live sports and entertainment content, developing websites for live events, and creating sponsorship campaigns. On the other hand, Qtech specializes in managing Live_IP technology to deliver real-time immersive media content across various platforms. Their Live_IP platform includes tools for content producers to create, edit, and publish media-rich content seamlessly. Overall, Quokka Sports aims to provide a comprehensive solution for the production and distribution of sports and entertainment content in the digital space.

A4 Health Systems

Private Equity Round in 2000
A4 Health Systems is focused on enhancing community-based healthcare by providing Electronic Medical Record solutions that streamline the management of clinical, financial, and administrative patient information. Established in 1970, the company prioritizes the needs of its clients, who depend on its systems and services for effective patient care delivery.

Bloodhound Software

Series B in 2000
Bloodhound Software specializes in claims editing and analytics services, primarily through its advanced platform, ConVergence Point. This hosted claims editing service is designed to enhance the claims revenue cycle by processing claims against 16 million edits in real-time, ensuring subsecond response times. ConVergence Point operates on open-sourced edits grounded in national standards, allowing customization to align precisely with payer reimbursement policies. Additionally, the platform includes a web portal that enables providers to review edits and correct claims prior to submission, promoting greater accuracy and transparency in the claims process.

Simtrex Corp

Series B in 2000
Simtrex Corp. is a developer of simulation technology aimed at enhancing core business processes. The company specializes in providing simulation applications that assist organizations in evaluating and improving essential business skills. Its flagship product, StarTrainer, is designed to support the entire lifecycle of customer contact employees, encompassing stages from applicant prescreening and new-hire training to remedial and cross-training for seasoned agents. Through its innovative solutions, Simtrex enables businesses to strengthen their workforce and optimize performance in critical areas.

SoDeog Technologies

Series A in 2000
SoDeog Technologies, founded in 1999 and located in Charlotte, North Carolina, specializes in wireless information exchange and data transformation solutions tailored for mobile device manufacturers, enterprise solution providers, and independent software vendors. The company's flagship product, SyncTalk Professional, launched in March 2000, enables users to wirelessly share information across various mobile devices, including personal digital assistants, smartphones, and pagers. SoDeog Technologies aims to enhance communication by facilitating seamless information exchange among disparate digital devices, ensuring compatibility across different operating systems. Their software solutions empower mobile workforces and users to share information in real-time, regardless of device type or network coverage.

META Secur E-COM Solutions

Series B in 2000
META Secur E-COM Solutions specializes in providing policy-based information security products and consulting services designed to protect companies' cyberspace. The firm focuses on helping organizations effectively manage risk through comprehensive security solutions tailored to their unique needs. By offering a combination of research, advisory services, and consulting, META Secur E-COM Solutions addresses current technological challenges and industry trends. The company prides itself on delivering personalized service, maintaining a low client-to-analyst ratio to ensure attentive support. This commitment to quality service and investment in research enables META Secur E-COM Solutions to deliver objective and actionable insights, helping clients navigate the complex landscape of information technology and cybersecurity.

Pinpoint.com

Venture Round in 2000
Pinpoint.com is a technology company that specializes in enhancing software delivery through data science. Founded in 2016, it offers an engineering performance management platform that synthesizes work activity from various software delivery tools. By employing proprietary AI, Pinpoint measures impact, anticipates risks, and unlocks potential in engineering teams. Additionally, the company develops innovative search technologies for both wired and wireless web applications, creating customized search engines tailored to the specific needs of clients. This private-label search technology allows businesses to integrate relevant internet-search functionalities into their own websites, thereby increasing traffic, improving site loyalty, and generating new e-commerce opportunities. Pinpoint's solutions are utilized by various vertical sites and mobile portals, contributing to a more powerful web experience for users. Headquartered in North Carolina's Research Triangle Park and with offices in San Francisco, the company is privately held and has received venture funding from notable investors.

Cirqit

Series B in 2000
Cirqit is a company that specializes in providing procurement services aimed at delivering cost savings to Fortune 2000 companies. It offers print consulting services, internet-based software applications, and procurement outsourcing solutions. By focusing on these areas, Cirqit assists businesses in streamlining the life cycle of their global communications. The company caters to a diverse range of industries, including financial services, pharmaceuticals, automotive, telecommunications, marketing, advertising, technology, document services, and media.

FootageNow

Venture Round in 2000
FootageNow is a broadband media company combining Broadband-ready content together with superior technology and connectivity. Incubated within Internet powerhouse iXL Enterprises, FootageNow facilitates Broadband Media management and commerce for business.
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