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The Venture Codex

Hatteras Funds

8510 Colonnade Center Drive Suite 150, Raleigh, NC, 27615, United States

Overview

Hatteras Funds provides an array of unique alternative investment solutions. A boutique alternative investment specialist founded in 2003, Hatteras Funds offers a suite of innovative products designed to help investors allocate to alternative investments.

Total investments
9
Lead investments
0
Investments · 12mo
0
Active investors
0

Sector focus

  • Biotechnology
  • Enterprise Software
  • Venture Capital
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Investment portfolio

  • Kollective

    Participated · Equity · May 2016

    Kollective offers a software-defined enterprise content delivery network (SD ECDN) that addresses enterprise content delivery problems for video, software updates and large files. Its cloud-based solution leverages software defined networking and edge-related IT tools such as Network Readiness Testing, Software Delivery and Network Analytics. The company has an established Microsoft Skype Meeting Broadcast partnership and says it can support multiple use cases across the network. Kollective plans to use new funding to support sales and R&D, augment the Skype partnership, and expand operations in China, India, Hong Kong, Japan, Korea and Singapore. Operational metrics cited include a 100% customer renewal rate for ECDN products in 2015 and deployment of more than 500,000 endpoints over the past six months; the company says it serves millions of users worldwide and has added new Fortune 1000 customers. The business presents its platform as a unified solution for enterprise-scale video and software delivery challenges.

  • Lineagen

    Participated · Series C · Dec 2013

    Lineagen offers FirstStepDx PLUS and NextStepDx PLUS, integrated services combining genetic testing, counseling and developmental screening to aid diagnosis of ASD and other developmental delays. The company plans to continue commercializing FirstStepDx PLUS, expand commercialization of NextStepDx PLUS, and apply its clinical research to a broader range of neurodevelopmental and neurological indications. It also has ongoing scientific programs in multiple sclerosis (MS) and chronic obstructive pulmonary disease (COPD). Led by CEO Michael S. Paul, Ph.D., Lineagen recently completed the second and final tranche of its Series C financing to support those commercialization and research efforts. The company previously raised a first tranche of $3.5M in 2013 and obtained a $4M secured debt facility with Silicon Valley Bank as part of the initial tranche. Lineagen provides physicians and patients an integrated genetic testing, counseling and developmental screening service to aid early diagnostic evaluation of individuals with autism spectrum disorders (ASDs) and other childhood developmental disorders. The company is led by CEO Michael S. Paul, Ph.D., and is based in Salt Lake City, Utah. Its core product combines genetic testing with counseling and developmental screening to support clinicians and families. Financially, Lineagen completed a Series C financing and pursued senior secured debt facilities as part of its funding strategy. The company converted $12.6M in outstanding promissory notes into Series B preferred stock as part of its balance-sheet actions. No operating metrics (revenue/users) were disclosed in the article. Lineagen offers comprehensive genetic testing and support/counseling services designed to enable early evaluation of children at risk for disorders of childhood development, including Autism Spectrum Disorders. Its core product set centers on proprietary clinical testing services and physician- and consumer-directed consultative services. The company plans to expand its commercial franchise and introduce new proprietary clinical tests using proceeds from its current raise. Lineagen maintains collaborative relationships with pediatric research institutes including the University of Utah and The Children’s Hospital of Philadelphia. Founded in 2002 and led by CEO Michael Paul, Ph.D., the company previously completed a Series A to fund discovery and development. Lineagen develops genomic tests and services aimed at screening, evaluation and diagnosis of complex disorders and diseases, including autism spectrum disorders. The company is advancing a lead autism program and planned a commercial service launch for September 2010. Lineagen received an additional $5.0m investment from PrairieGold Venture Partners to support further development and the commercial launch. The Series A financing totaled $10.8m after the new investment; Lineagen previously held a $5.8m first close in December 2007. In conjunction with the financing, Mike Jerstad, a partner at PrairieGold Venture Partners, joined Lineagen’s board of directors. The Series A included support from Sanderling Ventures, vSpring Capital and Mesa Verde Venture Partners. LineaGen is a Salt Lake City biotech developing genetic diagnostics. It seeks genomic markers — presumably the single‑nucleotide polymorphisms (SNPs) — associated with conditions including autism, multiple sclerosis, cancer and lung disease. The company plans to turn identified markers into diagnostic tests. LineaGen leverages detailed databases on Utah’s predominately Mormon population and its genealogical records to discover markers. VentureWire reported that LineaGen raised $6 million in a first round of funding from Sanderling Ventures, vSpring Capital and Mesa Verde Partners. The report noted that LineaGen did not have a Web site listed.

  • GainSpan

    Participated · Series D · Jun 2013

    GainSpan Corporation is a San Jose, CA–based provider of ultra-low-power Wi‑Fi connectivity solutions for the Internet of Things. Led by president and CEO Greg Winner, the company offers a broad portfolio of low-power Wi‑Fi and ZigBee/Wi‑Fi chips, modules and software. Its solutions enable connected products for smart energy, healthcare and control/monitoring across industrial, commercial and residential markets. A spinoff of Intel, GainSpan is a member of the Wi‑Fi Alliance and the ZigBee Alliance. The company closed a $19M funding round and intends to use the proceeds to extend its position in IoT Wi‑Fi and to complete development and launch its GS2000-based family of chips, modules and application development kits. Backers include new strategic investors Zebra Technologies Corporation and Oplink Communications, as well as Opus Capital, Intel Capital, New Venture Partners, Sigma Partners, Camp Ventures and Hatteras Funds. GainSpan develops ultra-low power embedded Wi‑Fi solutions including system-on-chip (SoC), modules and software that enable customers to leverage the installed base of Wi‑Fi access points and smartphones. The company’s product suite is focused on connecting Things to the Internet and People to Things. It targets applications in healthcare, smart energy and control and monitoring across industrial, commercial and residential markets. Led by President and CEO Greg Winner and based in San Jose, CA, GainSpan said it will use new funding to further develop its next‑generation ultra‑low power Wi‑Fi chip. The company recently raised $18M in a Series C financing from a mix of new and existing investors. GainSpan also maintains R&D operations in India to support product development. GainSpan develops low-power Wi‑Fi semiconductor solutions. The company announced a strategic investment and technology development agreement with In-Q-Tel. The deal positions GainSpan's technology for access and potential deployment within the U.S. Intelligence Community. As an In-Q-Tel technology partner, GainSpan will receive introductions to other portfolio companies for knowledge-sharing and co-development. Vijay Parmar, GainSpan's president and CEO, said the agreement ensures the U.S. Intelligence Community has easy access to GainSpan technology. The article does not disclose financial metrics or the amount of the investment.

  • KnowledgeTree

    Participated · Series B · Jul 2012

    Knowledge Tree began as on-premise software and pivoted to the cloud in 2010, offering a SaaS document-management platform. Its product combines workflow capabilities (audit trails, activity histories, threaded comments, versioning) with social discovery and gamification features such as a dashboard leader board. The company provides a Microsoft Word plug-in for collaborative editing and plans to offer its own web-based authoring environment with real-time co-editing similar to Google Docs. Knowledge Tree is used by legal and financial teams in mid-market companies and competes with Microsoft Office 365 and Spring CM. The company originated in South Africa and has relocated operations to Raleigh, NC in the Southeast United States.

  • Kontiki

    Participated · Series C · Mar 2012

    Kontiki develops a cloud-based enterprise video platform and enterprise content delivery networks that enable businesses to deliver video on demand and live broadcasts across the enterprise. Its platform supports delivery to a full range of business devices, including smartphones and tablets. The company targets customers in financial services, retail, technology, telecommunications and manufacturing. Named customers include Pillar Hotels, NiSource, Plante Moran, American Airlines, H.J. Heinz, Wells Fargo, Nationwide, TalkPoint, NewsGator and Nestle. Led by president and CEO Dan Vetras, Kontiki intends to use newly raised funds to accelerate growth and increase adoption of its solutions. The company is based in Sunnyvale, California. Kontiki provides a software-as-a-service video delivery platform that lets corporations broadcast live and offer on‑demand video internally, positioning itself as a private YouTube for enterprises. Its product is used for CEO town halls, training and compliance materials, and other employee communications to reduce travel and increase productivity. The company says its technology avoids requiring network upgrades or additional equipment and IT maintenance. Kontiki charges roughly $1–$3 per user per month and counts customers such as Starwood Hotels, Wells Fargo, Charles Schwab, United Technologies, Coca‑Cola and Nationwide UK. The company has 34 employees and plans to expand to about 50 within a year while hiring engineers, marketing, and sales staff. Kontiki also plans a mobile product release for iOS and Android within the year.

Team

No current team members are available.