Lookout Capital

Lookout Capital is a venture capital firm focused on investing in startups and early-stage companies, particularly in the information technology, biotechnology, and healthcare sectors. The firm also considers investments in non-technology startups, including manufacturers and service businesses. Primarily targeting companies based in North Carolina or nearby areas, Lookout Capital typically invests between $250,000 and $1 million in firms with revenues up to $5 million. The firm aims to establish a controlling stake in its portfolio companies, often appointing an interim executive to lead management and governance. With a team of over 60 qualified principals, advisors, and investors, Lookout Capital is well-equipped to identify and nurture growth opportunities in the region. The firm is headquartered in Raleigh, North Carolina, and operates as a subsidiary of Lookout Capital, LLC.

Timothy E. Lavelle

Director of Advisory Services and Head of Investment Baking

4 past transactions

Phononic

Series E in 2016
Phononic is a growth stage, semiconductor hardware company commercializing solid-state heat pumps and fully integrated systems that displace compressors, heat sinks, and fans for electronics cooling; residential and commercial refrigeration; and climate control. The company’s disruptive approach combines high-performance solid-state heat pumps integrated into a manufacturing-friendly systems architecture that realizes products that are smart, sustainable, and solid state-driven.

Phononic

Series E in 2016
Phononic is a growth stage, semiconductor hardware company commercializing solid-state heat pumps and fully integrated systems that displace compressors, heat sinks, and fans for electronics cooling; residential and commercial refrigeration; and climate control. The company’s disruptive approach combines high-performance solid-state heat pumps integrated into a manufacturing-friendly systems architecture that realizes products that are smart, sustainable, and solid state-driven.

Contego Medical

Series B in 2015
Contego Medical, Inc. develops emboli protection devices that are used for the treatment of cardiovascular and endovascular diseases. It offers angioplasty balloons and stent delivery catheters, such as coronary stent systems, carotid post-dilation balloons, and renal artery stent systems with integrated embolic protection devices for enabling carotid, renal, SVG, and coronary interventions. Contego Medical, Inc. was formerly known as Contego Medical, LLC. The company was founded in 2005 and is based in Raleigh, North Carolina with an additional office in Curitiba, Brazil.

Aseptia

Series C in 2014
Aseptia, Inc. commercializes continuous flow microwave sterilization processes. Aseptia, Inc. was formerly known as Ultraseptics, Inc. The company was founded in 2006 and is based in Raleigh, North Carolina.Wright Foods is a subsidiary of Aseptia, Inc.