United States · Investor

Wachovia Corporation

Last cheque observed Nov 2006. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

QuietCorporate VC

VentureGrowthSeries BBanking

Cheques on record
0%of best year0cheques in 12 months, 11 on record
Since the last cheque7299days00hrs00min00sec
Median round$22MRounds led0 of 11Sole investor2 roundsExits5 from the portfolioMostly inUnited States, 100%
Pitch Wachovia Corporation

Wachovia Corporation highlights

  1. 01

    11 rounds on record

  2. 02

    Mostly Venture and Growth: 73% of its rounds

  3. 03

    Sole investor in 2 rounds, median $5.5M

  4. 04

    5 exits from the portfolio

What they do

Type
Corporate VC (from a list, unverified)
Cheque size
Not stated
Sectors
Banking
Based in
United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first11 appearances

  1. 2006

    2 rounds

  2. Nov
    Greenway HealthVenture · US$22MWith 1 other
  3. Nov
    Greenway Medical TechnologiesSeries B · US · greenwaymedical.com$22MWith 1 other
  4. 2005

    4 rounds

  5. Jul
    Relativity TechnologiesVenture · US$1.0MSole investor
  6. May
    Southern Bay EnergyGrowth · US$10MSole investor
  7. May
    Arcot SystemsSeries A · US · arcot.com$11MWith 8 others
  8. Jan
    Constella GroupVenture · US$61MWith 1 other
  9. 2004

    2 rounds

  10. Mar
    Relativity TechnologiesSeries B · US$6.5MWith 4 others
  11. Jan
    iLumin SoftwareVenture · US$8.5MWith 5 others
  12. 2003

    2 rounds

  13. Mar
    NewSouth CommunicationsGrowth · US$63MWith 4 others
  14. Mar
    ExcellerxVenture$37MWith 1 other
  15. 2000

    1 round

  16. Jun
    NewWorld CommunicationsVenture$150MWith 10 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.

What they claim to have backed

From their own portfolio page (on their website)

0 of 13 we have independently watched raise

ATMs/LocationsAccountoffersConfirm credit cardContinueCredit CardsEnroll in WellsGet security tipsIcompleteMake an appointmentSecureSign OnWells Fargo EntertainmentWells Fargo Stories

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed5 in all

Arcot SystemsBought by CA TechnologiesUndisclosedOct 2010
Relativity TechnologiesBought by Micro Focus$9.7MJan 2009
Constella GroupBought by SRA InternationalUndisclosedJun 2007
iLumin SoftwareBought by CA TechnologiesUndisclosedOct 2005

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

Who they invest alongside

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

Quick answers about Wachovia Corporation

What does Wachovia Corporation invest in?

Wachovia Corporation invests most often at Venture and Growth (73% of the rounds on record), in sectors such as Banking.

How active is Wachovia Corporation?

11 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2006.

How big are Wachovia Corporation's cheques?

The median round it joins is $22M.

Does Wachovia Corporation lead rounds?

Rarely, if at all: none of its 11 investments on record names it as the lead.

Where does Wachovia Corporation invest?

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

Is Wachovia Corporation investing now?

No investments in the last 12 months; the latest was in Nov 2006.

Who does Wachovia Corporation invest alongside?

Most often Goldman Sachs (2 rounds together), Noro-Moseley Partners (2 rounds together) and Wakefield Group (2 rounds together).

What kind of investor is Wachovia Corporation?

Wachovia Corporation is a corporate VC based in United States.

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it