GRAY VENTURES

Gray Ventures, is no longer investing. It is a venture capital firm specializing in early stage companies. The firm seeks to invest in companies that have completed seed round and seeking second stage funding, typically in a Series A round. It primarily invests in information technology companies. The firm typically invests in companies based in Atlanta, Georgia and Research Triangle Park, North Carolina. It seeks to invest between $0.5 million to $3 million. The firm prefers to retain a minority interest, a board seat, and observer rights. It prefers to be a lead investor and co-invest with other professional investor.