About Wakefield Group
Wakefield Group is a venture capital firm founded in 1988. It is primarily based out of Chapel Hill, United States. As of Nov 2013, Wakefield Group has invested in 8 companies. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Life Sciences and High Tech. Most recently it participated in the $***** Series A round of The Research Triangle Park Overall, Wakefield Group portfolio has seen 1 IPO and 4 acquisitions including key companies like FrontStream, APEX Analytix and Liquidia. A lot of funds co-invest with Wakefield Group, with names like Noro-Moseley Partners sharing a substantial percentage of its portfolio. Wakefield Group has team of 1 people including 1 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A & Series B
Portfolio IPOs
Portfolio Acquisitions
Wakefield Group's List of Top Investments
Wakefield Group has a portfolio of 8 companies. Their most notable investments are in Rpath and Bloodhound.Their portfolio spans across and United States. They have invested in Enterprise Applications, Life Sciences, High Tech and 6 other sectors, across stages such as Series A, Series B stages. Here is the list of top investments by Wakefield Group:1. FrontStream
FrontStream is a multi-national provider of integrated back-end merchant solutions and front-end payment and donation management products for enterprises and nonprofits.Offerings include turnkey payment processing, fundraising, employee engagement and CRM solutions that enable clients to increase revenues through mobile, in-person and online acceptance of ACH eChecks and credit/debit cards. Frontstream acquired Truist, Artez Interactive(social, text and mobile fundraising pages), Mission Research(CRM) and Direct Technology Innovations to provide complete end to end fundraising solution.
Key facts about FrontStream
- Founded Year: 2007
- Location: Reston (United States)
- Stage: Acquired
- Total Funding till date: $26M
- Employee Count: 76 as on Dec 31, 2021
- Investors: SSM Partners, Noro-Moseley Partners and 4 Others
- Latest Funding Round: Series C, Sep 08, 2011, $*****
- Highlight: Acquired
Audit management & supplier management solutions for businesses. It offers solutions to prevent payment errors and fraud across the procure-to-pay cycle. It has tools for fraud detection, overpayment prevention, procurement, retail auditing, spend analysis, supplier registration, and more.
Key facts about APEX Analytix
- Founded Year: 1988
- Location: Greensboro (United States)
- Stage: Acquired
- Total Funding till date: $7M
- Employee Count: 316 as on Dec 31, 2022
- Investors: Noro-Moseley Partners, Twin Bridge Capital Partners and 3 Others
- Latest Funding Round: Series A, Jun 01, 2003, $*****
- Highlight: Acquired
3. Liquidia
Developer of therapeutics for pulmonary hypertension and cardiopulmonary conditions. The company uses proprietary PRINT particle engineering technology to develop YUTREPIA inhalation powder for the treatment of pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease.
Key facts about Liquidia
- Founded Year: 2004
- Location: Morrisville (United States)
- Annual Revenue: $14M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $90.3M
- Employee Count: 63 as on Dec 31, 2022
- Investors: New Enterprise Associates, Sovereign's Capital and 18 Others
- Latest Funding Round: Post IPO, Apr 13, 2021, $*****
- Highlight: Public
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Frontstream is the payments solution provider and credit card processing solutions provider for merchants, home health care, franchises, for charity, schools, and businesses and home services. It also provides fundraising and donation processing solutions. The products and solutions that FrontStream offers are Secure ArgoFire Payment Gateway, POS Terminals and Equipment, Virtual Terminals, Hosted Payment Pages, ACH Processing, and Level 2 and Level 3 Processing.
Key facts about FrontStream Payments
- Founded Year: 2007
- Location: Reston (United States)
- Stage: Series A
- Total Funding till date: $26.7M
- Employee Count: 76 as on Dec 31, 2021
- Investors: SSM Partners, Noro-Moseley Partners and 2 Others
- Latest Funding Round: Series A, Feb 11, 2010, $*****
5. Rpath
Platform offering cloud computing and app management solutions. The platform provides a tool that is platform agnostic, with App GPS technology, that is used to automate application deployment and maintenance for physical, virtual, and cloud environments. The company release automation software is used for managing deployed software systems.
Key facts about Rpath
- Founded Year: 2005
- Location: United States
- Stage: Acquired
- Total Funding till date: $32.5M
- Investors: Wakefield Group, North Bridge Venture Partners and 2 Others
- Latest Funding Round: Series D, Oct 21, 2010, $*****
- Highlight: Acquired
Wakefield Group's Investments by Stage
Wakefield Group has made 6 investments in Series A stage with an average round size of $12.6M and 2 investments in Series B stage with an average round size of $9.1M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Series B | 2 |
Note: We have considered here, only first round of investments
Wakefield Group's Investments by Sector
Wakefield Group has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Auto Tech and Enterprise Infrastructure. Notably, it has invested in 7 Enterprise (B2B) companies, 6 Tech companies, 5 Software companies and 1 company focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 5 |
FinTech | 2 |
High Tech | 2 |
Auto Tech | 1 |
Enterprise Infrastructure | 1 |
Others | 5 |
Note: We have considered here, only first round of investments
Wakefield Group's Investments by Geography
Wakefield Group has made most investments in United States (8).Wakefield Group's recent investments
Wakefield Group has not made any investment in 2026 so far.Here are the most recent investments by Wakefield Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Nov 12, 2013 | United States | Series A | 9956 | [+1] | |
Oct 21, 2010 | United States | Series D | 8774 | ||
Jun 24, 2008 | United States | Series C | 7182 | ||
Apr 14, 2008 | United States | Series A | 5550 | ||
Apr 14, 2008 | United States | Series A | 1506 | [+2] |
IPOs and Publicly Listed companies in Wakefield Group's Portfolio
1 of Wakefield Group's portfolio company became public - Liquidia. It got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2018 at marketcap of $166MHere are Wakefield Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 26, 2018 | Jun 14, 2006 | Series A | 7796 |
Acquired companies in Wakefield Group's Portfolio
4 companies from Wakefield Group's portfolio have been acquired. The most recent acquisition was APEX Analytix in Jun 2022 by KKR for $*****.Here are Wakefield Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 06, 2022 | Jun 01, 2003 | Series A | 4988 | |
May 30, 2018 | Apr 14, 2008 | Series A | 4218 | |
Nov 28, 2012 | Jan 24, 2007 | Series B | 1892 | |
Apr 27, 2011 | Jul 09, 2000 | Series B | 1844 |
Team profile of Wakefield Group
Wakefield Group has a team of 1 member located in United States. Wakefield Group's team does not sit on the board of any company as of now.Co-investors of Wakefield Group
Over the past 26 years, 25 investors have co-invested in Wakefield Group's portfolio companies. This includes only funds.
- Invested before Wakefield Group: North Bridge Venture Partners, General Catalyst and 1 other have invested in rounds before Wakefield Group. There is 1 company where North Bridge Venture Partners has invested before Wakefield Group and 1 company where General Catalyst has invested before Wakefield Group.
- Top Co-investors of Wakefield Group: 8 investors entered a company along with Wakefield Group. These include investors like Noro-Moseley Partners (3 companies).
- Invested after Wakefield Group: A total of 14 investors have invested in Wakefield Group's portfolio after their investments. Top Investors include Pappas Capital (2 companies), Canaan (1 company) and New Enterprise Associates (1 company).
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