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Founded in 1983, Atlanta-based Noro-Moseley Partners ("NMP") is one of the largest and most experienced venture capital firms in the southeastern United States. Since its inception, NMP has created five limited partnership funds totaling approximately $580 million in capital and has invested in approximately 160 companies.
In 2000, NMP announced the closing of NMP V, a $320 million venture capital fund, the largest ever in the Southeast. Our mission over the last twenty-three years remains the same: to partner with strong management teams to build companies of significant value.
NMP invests primarily in Southeastern-based, early and established growth stage companies. This includes companies in various stages of maturity from first round financings to established companies looking for growth capital for acquisitions, recaps or shareholder liquidity. Our industries of interest include technology, healthcare and business services. Please see the Investment Strategy section for a detailed description of our investment criteria.
We are actively searching for great entrepreneurs with growth plans to create significant value. NMP will partner with you to realize your long term vision and provide the appropriate financial resources, experience and foresight to help take your company to the next level.
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Firethorn
In November 2007, Firethorn was acquired by Qualcomm (NASDAQ: QCOM) for approximately $210 million in cash. Firethorn is a mobile banking services enabler that links financial institutions and wireless operators through a unified, secure and scalable technology platform that seamlessly extends full-service banking capabilities to consumers from many financial institutions to many wireless devices. Firethorn has strategic relationships with wireless carriers such as AT&T and Verizon, and financial institution partners including Wachovia, SunTrust Bank, Regions Financial, BancorpSouth and Synovus.
Firethorn was founded in 2001 by Tripp Rackley, NMP’s entrepreneur-in-residence at the time. NMP became Firethorn’s first institutional investor in 2006. Mr. Rackley was also the founder and CEO of nFront, a pioneer in internet banking which was one of NMP’s most successful investments.
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