# Wachovia Corporation: portfolio, investments and team

> Wachovia Corporation is a corporate vc based in United States. 11 investments on record, latest Nov 2006. Portfolio, stages, co-investors and team.

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

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

# Wachovia Corporation

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

Quiet Corporate VC

Venture Growth Series B Banking

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 11 on record

Since the last cheque **7299** days **00** hrs **00** min **00** sec

Median round **$22M** Rounds led **0 of 11** Sole investor **2 rounds** Exits **5 from the portfolio** Mostly in **United States, 100%**

Pitch Wachovia Corporation

## Wachovia Corporation highlights

- 01 11 rounds on record
- 02 Mostly Venture and Growth: 73% of its rounds
- 03 Sole investor in 2 rounds, median $5.5M
- 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 first **11 appearances**

- **2006** 2 rounds
- **Nov** **[Greenway Health](https://millionrounds.com/company/greenway-health)** Venture · US **$22M** With 1 other
- **Nov** **[Greenway Medical Technologies](https://millionrounds.com/company/greenway-medical-technologies)** Series B · US · greenwaymedical.com **$22M** With 1 other
- **2005** 4 rounds
- **Jul** **[Relativity Technologies](https://millionrounds.com/company/relativity-technologies)** Venture · US **$1.0M** Sole investor
- **May** **[Southern Bay Energy](https://millionrounds.com/company/southern-bay-energy)** Growth · US **$10M** Sole investor
- **May** **[Arcot Systems](https://millionrounds.com/company/arcot-systems)** Series A · US · arcot.com **$11M** With 8 others
- **Jan** **[Constella Group](https://millionrounds.com/company/constella-group)** Venture · US **$61M** With 1 other
- **2004** 2 rounds
- **Mar** **[Relativity Technologies](https://millionrounds.com/company/relativity-technologies)** Series B · US **$6.5M** With 4 others
- **Jan** **[iLumin Software](https://millionrounds.com/company/ilumin-software)** Venture · US **$8.5M** With 5 others
- **2003** 2 rounds
- **Mar** **[NewSouth Communications](https://millionrounds.com/company/newsouth-communications)** Growth · US **$63M** With 4 others
- **Mar** **[Excellerx](https://millionrounds.com/company/excellerx)** Venture **$37M** With 1 other
- **2000** 1 round
- **Jun** **[NewWorld Communications](https://millionrounds.com/company/newworld-communications)** Venture **$150M** With 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/Locations Accountoffers Confirm credit card Continue Credit Cards Enroll in Wells Get security tips Icomplete Make an appointment Secure Sign On Wells Fargo Entertainment Wells 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 listed **5 in all**

**[Arcot Systems](https://millionrounds.com/company/arcot-systems)** Bought by [CA Technologies](https://millionrounds.com/fund/ca-technologies) **Undisclosed** Oct 2010

**[Relativity Technologies](https://millionrounds.com/company/relativity-technologies)** Bought by Micro Focus **$9.7M** Jan 2009

**[Constella Group](https://millionrounds.com/company/constella-group)** Bought by [SRA International](https://millionrounds.com/fund/sra-international) **Undisclosed** Jun 2007

**[iLumin Software](https://millionrounds.com/company/ilumin-software)** Bought by [CA Technologies](https://millionrounds.com/fund/ca-technologies) **Undisclosed** Oct 2005

**[NewWorld Communications](https://millionrounds.com/company/newworld-communications)** Bought by [Nextel Communications](https://millionrounds.com/fund/nextel-communications) **$276M** Jan 2003

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

## The cheque

Venture Growth Series B

Median round joined **$22M** the round, not its cheque Alone, median **$5.5M**

Led 0 of 11 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Nov 2006
- **Exits:** 5 from the portfolio

Rounds by stage said on their site

- Venture *6*
- Growth *2*
- Series B *2*
- Series A *1*

Cheques by year Led Joined

2000 2006

Often in the room with

- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs) 2
- [Noro-Moseley Partners](https://millionrounds.com/fund/noro-moseley-partners) 2
- [Wakefield Group](https://millionrounds.com/fund/wakefield-group) 2

**Pitching Wachovia Corporation?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

Add to your CRM *→*

## 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.

[**Goldman Sachs** Private equity **2** rounds together](https://millionrounds.com/fund/goldman-sachs)[**Noro-Moseley Partners** Growth equity **2** rounds together](https://millionrounds.com/fund/noro-moseley-partners)[**Wakefield Group** VC firm **2** rounds together](https://millionrounds.com/fund/wakefield-group)

## 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.

## Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=wachovia-corporation) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=wachovia-corporation)
