Southeast Interactive Technology Funds

Southeast Interactive Technology Funds, often referred to as SEInteractive, was a venture capital firm established in 1995 and based in Morrisville, North Carolina, within the prominent Research Triangle Park. The fund was primarily focused on early-stage technology companies, with a particular emphasis on opportunities within the Southeastern United States. It was capitalized as a $100 million venture capital fund, aiming to fuel the growth of promising tech startups in the region during the late 1990s and early 2000s.

During its active period, Southeast Interactive Technology Funds made several notable investments. For instance, the firm invested $2 million in ChannelAdvisor Corp., an e-commerce software provider, in a deal announced in 1999. Another significant investment included a $4 million Series A funding round for Maxxcom, an Internet marketing company, in 2000. The firm also played a leading role in a $10 million Series B financing round for Motricity, a wireless software company, in 2000, demonstrating its capacity to participate in and lead larger growth-stage rounds. These investments highlight its strategy of backing innovative technology ventures across various sectors.

However, public records and online presence suggest that Southeast Interactive Technology Funds has not been actively making new investments for well over a decade, with its last known funding activity dating back to the early 2000s. Its LinkedIn profile is minimal, and there is a distinct lack of recent news or portfolio updates. While the firm was a significant player in the regional venture landscape during its operational years, it appears to have wound down or become dormant, no longer actively seeking or deploying capital into new ventures. Therefore, any typical check sizes provided reflect its historical investment patterns rather than current activity.