# Intersouth Partners: portfolio, investments and team

> Intersouth Partners is a vc firm based in United States. 127 investments on record, latest Sept 2018. Portfolio, stages, co-investors and team.

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

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

# Intersouth Partners

Last cheque observed Sep 2018. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Seed Series A Series B Life Science Technology

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 127 on record

Since the last cheque **2957** days **00** hrs **00** min **00** sec

Median round **$30M** Rounds led **0 of 127** Sole investor **8 rounds** Exits **17 from the portfolio** Mostly in **United States, 100%**

Pitch Intersouth Partners

## Intersouth Partners highlights

- 01 127 rounds on record
- 02 Mostly Series A and Series B: 54% of its rounds
- 03 Sole investor in 8 rounds, median $1.9M
- 04 17 exits from the portfolio

## What they do

> Intersouth Partners invested in more than 100 early-stage life science and technology companies across the Southeast. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Life Science Technology
- **Based in:** Durham, United States
- **Cold pitches:** Not accepted

## The record

Every round we can evidence, newest first **127 appearances**

- **2018** 1 round
- **Sept** **[Lyra Therapeutics](https://millionrounds.com/company/lyra-therapeutics)** Series B · US · FinSMEs **$30M** With 5 others
- **2015** 3 rounds
- **Sept** **[CallMiner](https://millionrounds.com/company/callminer)** Venture · US **$16M** With 3 others
- **Jun** **[Arsenal Medical](https://millionrounds.com/company/arsenal-medical)** Venture · US **$16M** With 2 others
- **Jan** **[Azalea Health](https://millionrounds.com/company/azalea-health)** Venture · US **$1.5M** Sole investor
- **2014** 2 rounds
- **Oct** **[Viamet Pharmaceuticals](https://millionrounds.com/company/viamet-pharmaceuticals)** Series D · US **$60M** With 4 others
- **May** **[Proteon Therapeutics](https://millionrounds.com/company/proteon-therapeutics)** Series D · US **$45M** With 9 others
- **2013** 7 rounds
- **Dec** **[CSA Medical](https://millionrounds.com/company/csa-medical)** Series C · US **$16M** With 6 others
- **Nov** **[Zenph](https://millionrounds.com/company/zenph)** Debt · US · sec.gov **$103K** With 3 others
- **Oct** **[PeopleMatter](https://millionrounds.com/company/peoplematter)** Series E · US · finsmes.com **$16M** With 6 others
- **Aug** **[Argos Therapeutics](https://millionrounds.com/company/argos-therapeutics)** Series E · US · finsmes.com **$43M** With 3 others
- **Jun** **[Locaid](https://millionrounds.com/company/locaid)** Series D · US · venturebeat.com **$4.0M** With 2 others
- **Apr** **[Advanced Animal Diagnostics](https://millionrounds.com/company/advanced-animal-diagnostics)** Series B · US · finsmes.com **$6.0M** With 1 other
- **Mar** **[PeopleMatter](https://millionrounds.com/company/peoplematter)** Series D · US · techcrunch.com **$19M** With 5 others
- **2012** 9 rounds
- **Nov** **[Applied Genetics Technologies Corporation](https://millionrounds.com/company/applied-genetics-technologies-corporation)** Series B · US · biospace.com **$38M** With 5 others
- **Oct** **[Zenoss](https://millionrounds.com/company/zenoss)** Series C · US · techcrunch.com **$25M** With 4 others
- **Sept** **[ABT Molecular Imaging](https://millionrounds.com/company/abt-molecular-imaging)** Series C · US · finsmes.com **$6.0M** With 4 others
- **Sept** **[Vascular Pharmaceuticals](https://millionrounds.com/company/vascular-pharmaceuticals)** Series A · US · finsmes.com **$16M** With 1 other
- **Jun** **[Locaid](https://millionrounds.com/company/locaid)** Growth · US · sec.gov **$5.8M** With 1 other
- **Apr** **[Argos Therapeutics](https://millionrounds.com/company/argos-therapeutics)** Series D · US · argostherapeutics.com **$25M** With 4 others
- **Mar** **[Adaptivity](https://millionrounds.com/company/adaptivity)** Series B · US · adaptivity.com **$3.0M** With 2 others
- **Feb** **[480 Biomedical](https://millionrounds.com/company/480-biomedical)** Series A · US · onbiovc.com **$15M** With 2 others
- **Jan** **[Semprius](https://millionrounds.com/company/semprius)** Venture · US · greentechmedia.com **$7.5M** With 2 others
- **2011** 9 rounds
- **Dec** **[CSA Medical](https://millionrounds.com/company/csa-medical)** Series B · US · finsmes.com **$21M** With 3 others
- **Nov** **[simplifyMD](https://millionrounds.com/company/simplifymd)** Series A · US · finsmes.com **$4.5M** Sole investor
- **Sept** **[Adaptivity](https://millionrounds.com/company/adaptivity)** Venture · US · finsmes.com **$6.0M** With 2 others
- **Sept** **[Arsenal Medical](https://millionrounds.com/company/arsenal-medical)** Debt · US · sec.gov **$3.0M** With 2 others
- **Aug** **[6fusion](https://millionrounds.com/company/6fusion)** Series B · US · techcrunch.com **$7.0M** With 1 other
- **Jun** **[Semprius](https://millionrounds.com/company/semprius)** Series C · US · finsmes.com **$20M** With 5 others
- **May** **[PeopleMatter](https://millionrounds.com/company/peoplematter)** Series B · US · classic.cnbc.com **$7.2M** With 3 others
- **Mar** **[Advanced Animal Diagnostics](https://millionrounds.com/company/advanced-animal-diagnostics)** Series B · US · advancedanimaldiagnostics.com **$11M** With 1 other
- **Feb** **[Locaid](https://millionrounds.com/company/locaid)** Series C · US · techcrunch.com **$13M** With 1 other
- **2010** 10 rounds
- **Oct** **[CallMiner](https://millionrounds.com/company/callminer)** Venture · US · southflorida.citybizlist.com **$7.0M** With 2 others
- **Oct** **[Adaptivity](https://millionrounds.com/company/adaptivity)** Series A · US · techcrunchit.com **$7.2M** With 1 other
- **Sept** **[CallMiner](https://millionrounds.com/company/callminer)** Series C · US · callminer.com **$4.0M** With 2 others
- **Aug** **[6fusion](https://millionrounds.com/company/6fusion)** Series A · US · techcrunchit.com **$3.0M** Sole investor
- **May** **[Arsenal Medical](https://millionrounds.com/company/arsenal-medical)** Venture · US · sec.gov **$10M** With 2 others
- **Apr** **[Overture Networks](https://millionrounds.com/company/overture-networks)** Venture · US · overturenetworks.com **$17M** With 6 others
- **Mar** **[Arsenal Vascular](https://millionrounds.com/company/arsenal-vascular)** Debt · US · findarticles.com **$1.0M** With 2 others
- **Feb** **[PeopleMatter](https://millionrounds.com/company/peoplematter)** Venture · US · localtechwire.com **$7.2M** With 1 other
- **Jan** **[ABT Molecular Imaging](https://millionrounds.com/company/abt-molecular-imaging)** Series A · US · onbiovc.com **$9.0M** Sole investor

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.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **3 named**

DD **Dennis Dougherty** President i Form ADV

KB **Kay Burgess** Secretary i Form ADV

MM **Mitch Mumma** Vice President i Form ADV

We also hold **3** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$76M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Intersouth Advisors, Inc.
- **SEC number:** CRD 162113

## Exits from the portfolio

Companies it backed that were later bought or listed **17 in all**

**[Ziptronix](https://millionrounds.com/company/ziptronix)** Bought by Tessera Technologies **$39M** Aug 2015

**[Locaid](https://millionrounds.com/company/locaid)** Bought by LocationSmart **Undisclosed** Feb 2015

**[Nitronex](https://millionrounds.com/company/nitronex)** Bought by M/A-COM Technology Solutions **$26M** Feb 2014

**[Adaptivity](https://millionrounds.com/company/adaptivity)** Bought by [EMC](https://millionrounds.com/fund/emc) **Undisclosed** May 2013

**[Infoglide Software Corporation](https://millionrounds.com/company/infoglide-software-corporation)** Bought by Fair Isaac **$1.0M** Apr 2013

**[Calibra Medical](https://millionrounds.com/company/calibra-medical)** Bought by [Johnson & Johnson](https://millionrounds.com/fund/johnson-and-johnson) **Undisclosed** Jul 2012

**[KAI Pharmaceuticals](https://millionrounds.com/company/kai-pharmaceuticals)** Bought by [Amgen](https://millionrounds.com/fund/amgen) **$315M** Apr 2012

**[Aldagen](https://millionrounds.com/company/aldagen)** Bought by Nuo Therapeutics **Undisclosed** Feb 2012

**[Mixx](https://millionrounds.com/company/mixx)** Bought by UberMedia **Undisclosed** Jan 2011

**[Integrien](https://millionrounds.com/company/integrien)** Bought by [VMware](https://millionrounds.com/fund/vmware) **$100M** Aug 2010

**[NovaMin Technology](https://millionrounds.com/company/novamin-technology)** Bought by [GlaxoSmithKline](https://millionrounds.com/fund/glaxosmithkline) **Undisclosed** May 2010

**[Alimera Sciences](https://millionrounds.com/company/alimera-sciences)** Listed **Undisclosed** Apr 2010

**[Sentillion](https://millionrounds.com/company/sentillion)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Dec 2009

**[Athenix](https://millionrounds.com/company/athenix)** Bought by Bayer CropScience **Undisclosed** Aug 2009

**[Jacket Micro Devices](https://millionrounds.com/company/jacket-micro-devices)** Bought by AVX Corporation **$800K** Jul 2009

**[6th Sense Analytics](https://millionrounds.com/company/6th-sense-analytics)** Bought by Rally Software **Undisclosed** Jan 2009

**[Serenex](https://millionrounds.com/company/serenex)** Bought by [Pfizer](https://millionrounds.com/fund/pfizer) **Undisclosed** Mar 2008

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

## The cheque

Seed Series A Series B

Median round joined **$30M** the round, not its cheque Alone, median **$1.9M**

Led 0 of 127 rounds **0%**

- **Sole investor:** 8 rounds
- **Last cheque:** Sept 2018
- **Exits:** 17 from the portfolio

Rounds by stage said on their site

- Series A said *33*
- Series B said *32*
- Venture *22*
- Series C *21*
- Series D *10*
- Series E *3*
- Seed said *-*

Cheques by year Led Joined

1996 2018

Often in the room with

- [Polaris Partners](https://millionrounds.com/fund/polaris-partners) 21
- [Noro-Moseley Partners](https://millionrounds.com/fund/noro-moseley-partners) 8
- [Skyline Ventures](https://millionrounds.com/fund/skyline-ventures) 8
- [H.I.G. Capital](https://millionrounds.com/fund/h-i-g-capital) 7
- [Harbert Growth Partners](https://millionrounds.com/fund/harbert-growth-partners) 7
- [Quaker Partners](https://millionrounds.com/fund/quaker-partners) 7

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## Who they invest alongside

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

[**Polaris Partners** VC firm **21** rounds together](https://millionrounds.com/fund/polaris-partners)[**Noro-Moseley Partners** Growth equity **8** rounds together](https://millionrounds.com/fund/noro-moseley-partners)[**Skyline Ventures** VC firm **8** rounds together](https://millionrounds.com/fund/skyline-ventures)[**H.I.G. Capital** Growth equity **7** rounds together](https://millionrounds.com/fund/h-i-g-capital)[**Harbert Growth Partners** Asset manager **7** rounds together](https://millionrounds.com/fund/harbert-growth-partners)[**Quaker Partners** VC firm **7** rounds together](https://millionrounds.com/fund/quaker-partners)[**Boulder Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/boulder-ventures)[**Grotech Ventures** VC firm **6** rounds together](https://millionrounds.com/fund/grotech-ventures)[**InterWest Partners** VC firm **6** rounds together](https://millionrounds.com/fund/interwest-partners)[**North Bridge Venture Partners & Growth Equity** VC firm **6** rounds together](https://millionrounds.com/fund/north-bridge-venture-partners-and-growth-equity)[**The Aurora Funds** VC firm **6** rounds together](https://millionrounds.com/fund/the-aurora-funds)[**ARCH Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/arch-venture-partners)

## Recently backed

The latest companies Intersouth Partners put money into.

[**Lyra Therapeutics** $30M · Sept 2018](https://millionrounds.com/company/lyra-therapeutics)

## Mentioned on podcasts

Episodes that name Intersouth Partners in their description, not their title.

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 31 Aug 2022 · 19 min Top Healthcare Investor: HealthQuest’s Garheng Kong With [Garheng Kong](https://millionrounds.com/person/garheng-kong) Mentions [Duke University](https://millionrounds.com/fund/duke-university)[HealthQuest Capital](https://millionrounds.com/fund/healthquest-capital)[Intersouth Partners](https://millionrounds.com/fund/intersouth-partners) *+1* Apple PodcastsShow page

## Quick answers about Intersouth Partners

### What does Intersouth Partners invest in?

Intersouth Partners invests most often at Series A and Series B (54% of the rounds on record), in sectors such as Life Science and Technology.

### How active is Intersouth Partners?

127 investments on record, 0 of them in the last 12 months. The most recent was in Sept 2018.

### What has Intersouth Partners invested in recently?

Its most recent investments on record: Lyra Therapeutics (Series B, Sept 2018).

### How big are Intersouth Partners's cheques?

The median round it joins is $30M.

### Does Intersouth Partners lead rounds?

Rarely, if at all: none of its 127 investments on record names it as the lead.

### Where does Intersouth Partners invest?

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

### Is Intersouth Partners investing now?

No investments in the last 12 months; the latest was in Sept 2018.

### Who does Intersouth Partners invest alongside?

Most often Polaris Partners (21 rounds together), Noro-Moseley Partners (8 rounds together) and Skyline Ventures (8 rounds together).

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