Intersouth Partners

Intersouth Partners, established in 1985 and headquartered in Durham, North Carolina, is a prominent venture capital firm focusing on seed and early-stage investments in the technology and life sciences sectors. The firm prefers to invest in software, semiconductor, communications, digital media, clean technology, and security companies within the technology sector, and medical devices, biopharmaceuticals, agricultural biotechnology, and biomaterials within life sciences. Intersouth typically invests in companies located across the Southeast, with a primary focus on the corridor from Baltimore through Florida, including Washington, DC, the Research Triangle region, and Atlanta. The firm seeks to be the lead or co-lead investor, with an initial investment ranging from $0.5 million to $8 million, and plans for an average total investment of $12 million through all rounds of financing. Intersouth aims to take a board seat on its portfolio companies and prefers to exit its investments within two to six years.

Kay Burgess

CFO

Dennis Dougherty

Founder and Managing General Partner

John Glushik

Venture Partner

Richard Kent

Venture Partner

Mitch Mumma

Managing General Partner

Mitchell Mumma

Managing General Partner

Past deals in Maryland

CSA Medical

Series D in 2024
CSA Medical, Inc. specializes in the development and manufacturing of spray cryotherapy medical devices. The company's flagship product, the truFreeze device, utilizes cold liquid nitrogen as a cryosurgical tool for the destruction of unwanted tissue in dermatology, gynecology, and general surgery, while facilitating the regrowth of healthy tissue. Additionally, CSA Medical offers the Rapid AV Spray Kit, which enhances the truFreeze system by reducing the time required for liquid nitrogen application. Originally founded as Crymed Technologies in 1993, the company rebranded to CSA Medical in April 2006. Headquartered in Lutherville Timonium, Maryland, CSA Medical also operates a research and development facility in Lexington, Massachusetts.

CSA Medical

Venture Round in 2019
CSA Medical, Inc. specializes in the development and manufacturing of spray cryotherapy medical devices. The company's flagship product, the truFreeze device, utilizes cold liquid nitrogen as a cryosurgical tool for the destruction of unwanted tissue in dermatology, gynecology, and general surgery, while facilitating the regrowth of healthy tissue. Additionally, CSA Medical offers the Rapid AV Spray Kit, which enhances the truFreeze system by reducing the time required for liquid nitrogen application. Originally founded as Crymed Technologies in 1993, the company rebranded to CSA Medical in April 2006. Headquartered in Lutherville Timonium, Maryland, CSA Medical also operates a research and development facility in Lexington, Massachusetts.

CSA Medical

Series C in 2013
CSA Medical, Inc. specializes in the development and manufacturing of spray cryotherapy medical devices. The company's flagship product, the truFreeze device, utilizes cold liquid nitrogen as a cryosurgical tool for the destruction of unwanted tissue in dermatology, gynecology, and general surgery, while facilitating the regrowth of healthy tissue. Additionally, CSA Medical offers the Rapid AV Spray Kit, which enhances the truFreeze system by reducing the time required for liquid nitrogen application. Originally founded as Crymed Technologies in 1993, the company rebranded to CSA Medical in April 2006. Headquartered in Lutherville Timonium, Maryland, CSA Medical also operates a research and development facility in Lexington, Massachusetts.

CSA Medical

Series B in 2011
CSA Medical, Inc. specializes in the development and manufacturing of spray cryotherapy medical devices. The company's flagship product, the truFreeze device, utilizes cold liquid nitrogen as a cryosurgical tool for the destruction of unwanted tissue in dermatology, gynecology, and general surgery, while facilitating the regrowth of healthy tissue. Additionally, CSA Medical offers the Rapid AV Spray Kit, which enhances the truFreeze system by reducing the time required for liquid nitrogen application. Originally founded as Crymed Technologies in 1993, the company rebranded to CSA Medical in April 2006. Headquartered in Lutherville Timonium, Maryland, CSA Medical also operates a research and development facility in Lexington, Massachusetts.

MaxCyte

Series B in 2004
MaxCyte, Inc. is a cell-based therapies and life sciences company engaged in the development and commercialization of innovative cell modification technologies. Founded in 1998 and headquartered in Gaithersburg, Maryland, MaxCyte specializes in scalable transfection systems, including the MaxCyte STX for primary cells and stem cells, and the MaxCyte VLX for large volume applications. The company's proprietary flow electroporation platform enables the engineering of various cell types for therapeutic development, particularly in areas such as cancer immunotherapy. Additionally, MaxCyte offers single-use sterile processing assemblies and electroporation buffers, along with its ExPERT brand of instruments and consumables. The company is also advancing its CARMA technology for developing non-viral, human messenger RNA-based chimeric antigen receptor therapies. MaxCyte generates revenue through the sale and licensing of its instruments and technology to drug developers and biopharmaceutical companies, including a clinical and commercial license agreement with Allogene Therapeutics.
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