# BBT Fund: portfolio, investments and team

> BBT Fund is an investment firm. 10 investments on record, latest Jul 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/bbt-fund (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# BBT Fund

Last cheque observed Jul 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Investment firm

Venture Series D Series A

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 10 on record

Since the last cheque **4856** days **00** hrs **00** min **00** sec

Median round **$23M** Rounds led **0 of 10** Exits **2 from the portfolio** Mostly in **United States, 100%**

Pitch BBT Fund

## BBT Fund highlights

- 01 10 rounds on record
- 02 Mostly Venture and Series D: 60% of its rounds
- 03 2 exits from the portfolio

## What they do

- **Type:** Investment firm (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **10 appearances**

- **2013** 1 round
- **Jul** **[CVRx](https://millionrounds.com/company/cvrx)** Series F · US · finsmes.com **$30M** With 4 others
- **2011** 1 round
- **Sept** **[Morphlabs](https://millionrounds.com/company/morphlabs)** Series C · US · eon.businesswire.com **$5.0M** With 1 other
- **2010** 4 rounds
- **Sept** **[Accumetrics](https://millionrounds.com/company/accumetrics)** Venture · US · finsmes.com **$7.0M** With 5 others
- **Jul** **[DFine](https://millionrounds.com/company/dfine)** Venture · US · deals.venturebeat.com **$36M** With 3 others
- **Jan** **[Accumetrics](https://millionrounds.com/company/accumetrics)** Series E · US · onbiovc.com **$17M** With 5 others
- **Jan** **[DFine](https://millionrounds.com/company/dfine)** Venture · US · deals.venturebeat.com **$2.8M** With 4 others
- **2009** 1 round
- **Jan** **[DFine](https://millionrounds.com/company/dfine)** Venture · US · biospace.com **$35M** With 4 others
- **2008** 1 round
- **Feb** **[Accumetrics](https://millionrounds.com/company/accumetrics)** Series D · US · prnewswire.com **$29M** With 7 others
- **2007** 1 round
- **Nov** **[Evalve](https://millionrounds.com/company/evalve)** Series D · US · venturebeat.com **$60M** With 5 others
- **2005** 1 round
- **Jul** **[NP Photonics](https://millionrounds.com/company/np-photonics)** Series A · US · npphotonics.com **$5.0M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **2 in all**

**[Accumetrics](https://millionrounds.com/company/accumetrics)** Bought by [ITC](https://millionrounds.com/fund/itc) **Undisclosed** Aug 2013

**[Evalve](https://millionrounds.com/company/evalve)** Bought by [Abbott Labs](https://millionrounds.com/fund/abbott-labs) **$410M** Sept 2009

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Venture Series D Series A

Median round joined **$23M** the round, not its cheque

Led 0 of 10 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Jul 2013
- **Exits:** 2 from the portfolio

Rounds by stage said on their site

- Venture *4*
- Series D *2*
- Series A *1*
- Series C *1*
- Series E *1*
- Series F *1*

Cheques by year Led Joined

2005 2013

Often in the room with

- [Sterling Capital Management](https://millionrounds.com/fund/sterling-capital-m) 8
- [Arnerich Massena & Associates](https://millionrounds.com/fund/arnerich-massena-and-associates) 3
- [Essex Woodlands Healthcare Partners](https://millionrounds.com/fund/essex-woodlands-health-ventures) 3
- [Kaiser Permanente Ventures](https://millionrounds.com/fund/kaiser-permanente-ventures) 3
- [Prospect Venture Partners](https://millionrounds.com/fund/prospect-venture-partners) 3
- [RiverVest](https://millionrounds.com/fund/rivervest-venture-partners) 3

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## Who they invest alongside

The investors most often in the same rounds as BBT Fund. A count of rooms they were both in, not a relationship either has claimed.

[**Sterling Capital Management** VC firm **8** rounds together](https://millionrounds.com/fund/sterling-capital-m)[**Arnerich Massena & Associates** Growth equity **3** rounds together](https://millionrounds.com/fund/arnerich-massena-and-associates)[**Essex Woodlands Healthcare Partners** VC firm **3** rounds together](https://millionrounds.com/fund/essex-woodlands-health-ventures)[**Kaiser Permanente Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/kaiser-permanente-ventures)[**Prospect Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/prospect-venture-partners)[**RiverVest** VC firm **3** rounds together](https://millionrounds.com/fund/rivervest-venture-partners)[**Highland Credit Strategies Fund** Investment firm **2** rounds together](https://millionrounds.com/fund/highland-credit-strategies-fund)[**New Enterprise Associates** VC firm **2** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Split Rock Partners** VC firm **2** rounds together](https://millionrounds.com/fund/split-rock-partners)[**Vanguard Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/vanguard-ventures)

## Quick answers about BBT Fund

### What does BBT Fund invest in?

BBT Fund invests most often at Venture and Series D (60% of the rounds on record).

### How active is BBT Fund?

10 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2013.

### How big are BBT Fund's cheques?

The median round it joins is $23M.

### Does BBT Fund lead rounds?

Rarely, if at all: none of its 10 investments on record names it as the lead.

### Where does BBT Fund invest?

Most of the companies it backs are in the United States (100%).

### Is BBT Fund investing now?

No investments in the last 12 months; the latest was in Jul 2013.

### Who does BBT Fund invest alongside?

Most often Sterling Capital Management (8 rounds together), Arnerich Massena & Associates (3 rounds together) and Essex Woodlands Healthcare Partners (3 rounds together).

### What kind of investor is BBT Fund?

BBT Fund is an investment firm.

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