Southern Capitol Ventures Closes New Fund to Invest in Outstanding Entrepreneurs Across the Southeast and Mid-Atlantic.

RALEIGH, N.C. -- Southern Capitol Ventures (SCV), a venture capital firm dedicated to investing in outstanding entrepreneurs, has closed its second fund, Southern Capitol Technology Fund II, LP. Oversubscribed and with more than $15 million in subscriptions, the new fund will allow SCV to expand its current portfolio of companies which include companies like Art.com, Batanga, ChannelAdvisor, eMinor, Motricity and Synthematix (acquired by Symyx - Nasdaq:SMMX).

SCV was founded by entrepreneurs with the goal of supporting the most promising technology entrepreneurs in the Southeast and Mid-Atlantic United States. The firm focuses mostly on companies in North Carolina in the software, e-commerce, digital media, wireless, healthcare IT and medical device industries.

"SCV is unique. Right from the beginning the entire team got involved in the business," said Mike Doernberg, ceo of eMinor. "They rolled up their sleeves, assisted the company in securing financing and leveraged the resources of their entire organization while greatly accelerating the growth of eMinor. More than any other firm, they understand what it means to be an early stage investor."

In addition to the traditional venture capital investment model of providing capital and operational expertise, SCV spends significant time with its portfolio companies to help drive new revenue streams, new business development and marketing programs and provides mentoring to new employees and management team members. The firm's internal team members are all former entrepreneurs and operators who have built successful businesses. SCV's advisors are also active and include Tim Buckley, the former COO of Red Hat; Keith Collins, the Chief Technology Officer of SAS; Lowry Caudill, PhD & Al Childers, PhD, co-founders of Magellan Laboratories which was acquired by Cardinal Health; Don Holzworth, the CEO of Constella Group and Kathy Brittain White, the President of Rural Sourcing and a member of the Board of Directors of Mattel and Novell.

"SCV was incredibly supportive of Art.com even years prior to making their financial investment," said Joshua Chodniewicz, former ceo of Art.com. "We were extremely selective when we went in search of financing and were fortunate to align ourselves with such a great partner. SCV was helpful in many ways including key operational, financial and recruiting issues we encountered all along the way. I considered them part of our team."

About Southern Capitol Ventures

SCV is a Raleigh, North Carolina-based venture capital firm dedicated to helping outstanding entrepreneurs build market-leading companies. The firm is focused on providing capital and guidance to early-stage technology companies across the Southeast and Mid-Atlantic. Previous investments have included Art.com, Batanga, ChannelAdvisor, eMinor, Motricity and Synthematix (acquired by Symyx NASDAQ:SMMX). For more information, please visit www.southerncapitolventures.com.