Venture Capital

Overview

Harbert Venture Partners seeks to generate superior returns for our investors by identifying and investing in the most promising emerging growth stage companies in the Southeastern and Mid-Atlantic U.S.

We seek to capitalize on what we believe are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities and an established entrepreneurial community. The HVP team combines substantial investment, advisory and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama, Richmond, Virginia and Gainesville, Florida, we are well positioned to partner with entrepreneurs throughout the Southeast and Mid-Atlantic.

 

Investment Team

Wayne L. Hunter
Managing Partner

whunter

Wayne L. Hunter is a Managing Partner in the General Partner as co-founder and head of Harbert Venture Partners’ technology investment team.  Mr. Hunter joined HMC in 2002 and serves on the boards of Kaleo, Netsertive, PeopleMatter and Racemi. He also serves on the board of the Florida Venture Forum and Virginia’s Center for Innovative Technology and the Innovation and Entrepreneurship Investment Authority, and he was a past chair and board member of North Carolina’s Council for Entrepreneurial Development.  Mr. Hunter was previously on the board of AireWire, Movero, Unitrends and Yap.  Prior to joining HMC, he was a founding Managing Director and Head of Wachovia’s Technology Investment Banking Group (and predecessor firms First Union Securities and Wheat First Butcher Singer). In addition, he was a member of Wachovia’s Private Equity/Venture Capital Fund Investment Committee and served on Wachovia’s Investment Banking Management Committee. He has more than twenty years of experience working with leading entrepreneurs and venture capitalists in the Southeast Region. During his tenure in investment banking, he advised on more than one hundred financing and M&A transactions totaling $24 billion. His mergers and acquisitions and financial advisory experience encompass the internet, software, IT services, communications services and equipment sectors.

Mr. Hunter holds a degree in law (J.D.) from the University of Alabama School of Law and a Bachelor of Science degree from Auburn University.

whunter@harbert.net

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Brian C. Carney
General Partner

Brian Carney

Brian Carney is a Partner in the General Partner. Mr. Carney joined HMC in 2007 and currently serves on the boards of Anutra Medical, Clinipace Worldwide, Healthcare Interactive, OpenQ and WiserTogether. Mr. Carney is a former Board member of the Richmond Venture Forum. Prior to joining HMC, Mr. Carney was an associate with Morgan Stanley Venture Partners where he executed healthcare venture capital and growth equity investment opportunities. Prior to Morgan Stanley Venture Partners, Mr. Carney was a financial analyst in Morgan Stanley’s Healthcare Investment Banking Group.

Mr. Carney holds a Master of Business Administration degree from the University of Virginia and a Bachelor of Science degree in Business Administration with honors from Washington & Lee University.

bcarney@harbert.net

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Robert L. Crutchfield
General Partner

Bob Crutchfield

Robert L. Crutchfield is a Partner in the General Partner. Mr. Crutchfield joined HMC in September 2008 and serves as a Board Member of IngagePa­tient and WellCentive, and as a board observer for ControlScan, MaxCyte, nContact, OpenQ and WiserTogether. In addition to his responsibilities at HMC, he is a member of the Board of Directors for the Southeast Medical Device Association, the Florida Venture Forum, the Innovation Depot in Birmingham, AL, and the Atlanta Venture Forum. Mr. Crutchfield also serves as a member of the Investment Advisory Board for the Florida Institute for the Commercialization of Public Research, the Florida High Tech Corridor Council¸ is a Venture Fellow at the University of Alabama in Tuscaloosa, is a member of the Advisory Board for the STEM Path to MBA at the University of Alabama in Tuscaloosa, and is a Visiting Executive at Auburn University. Prior to joining HVP, Mr. Crutchfield served as Senior Vice President/General Manager of the Pharmacy Services Division at U.S. Oncology, a privately held, vertically inte­grated cancer care provider network with cancer clinics in more than 440 sites of service and a physician network consisting of over 1,000 medical oncolo­gists and radiation oncologists. His division 15 was responsible for approxi­mately $2 billion of annual revenue and under his leadership the division’s EBITDA grew to over $80 million. Mr. Crutchfield was also a Senior Executive at CardinalHealth, where he served as Vice President of New Ventures. While with Cardinal Health, he built and launched a new surgical products business unit through licensing of new technologies, acquisitions and creating a new North American sales channel. In 1994, Mr. Crutchfield founded Surgical Inno­vations and Services, Inc. (SIS), a surgical laser management company. Under his leadership, SIS became a leader in the emerging outsource management sector, with over 300 hospitals and surgery centers under contract with SIS for management, oversight and delivery of their surgical laser programs. In 2000, SIS merged with Surgical Laser Technologies, Inc. (SLTI) a publicly traded sur­gical laser-manufacturing firm. Mr. Crutchfield continued as President of SIS and served as VP of Sales, Marketing and Business Development for SLTI, until he exited the company following its acquisition by publicly-traded Photome­dex, Inc. Mr. Crutchfield is a graduate of the University of Georgia and holds Bachelor of Science degrees in Political Science and Chemistry.

rcrutchfield@harbert.net

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Thomas D. Roberts III
General Partner

Tom Roberts

Thomas D. Roberts III is a Partner in the General Partner, and joined HMC in 2002 as a founding member of the HVP Investment Team. He currently serves on the boards of ControlScan, Iconixx, Invincea, Ledbury and Mobile Posse and manages HVP’s investment in Clarabridge. He led HVP’s investments in and was a board member of Agility Healthcare (sold to GE Healthcare) and JackBe (sold to Software AG). He also serves as a consultant to the Office of the Secretary of Defense’s Rapid Reaction Technology Office, helping the DoD to identify promising emerging commercial technologies for the government. He is a member of the Executive Committee of the board of the Mid-Atlantic Venture Association (“MAVA”). Before joining HMC, Mr. Roberts was a senior investment banker for Wachovia (and predecessor firms First Union Securities and Wheat First Butcher Singer), where he originated and successfully executed over forty public and private equity and M&A advisory transactions for clients in the technology, telecom and healthcare sectors. He was a founding member of First Union’s Technology Investment Banking Group. Prior to investment banking, he was with Markowitz & McNaughton, a strategy consulting firm, specializing in competitive analysis, market opportunity assessment, bench-marking and acquisition buy-side search and due diligence services for Fortune 500 clients. He holds a Master of Business Administration degree and a Bachelor of Science degree from the University of Virginia.

troberts@harbert.net

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William W. Brooke
Senior Partner

Will Brooke

Mr. Brooke is an EVP and Limited Partner of Harbert Management Corporation, and serves as a member of the HVP Investment Committee. He serves on the boards of Aldagen Holdings, LLC, MaxCyte and nContact, as well as Southeast BIO and the Biotechnology Association of Alabama. He formerly served as the Chair of SEBio, Innovation Depot and the Alabama Innovation Council. He has been advising earlystage companies for more than twenty years and previously served on the boards of Aldagen, Innovative Biosensors, NovaMin, Optimal Radiology, AV Holdings (Atherotech), Visador, Nationwide Homes and Emageon (NASDAQ: EMAG). As an Executive Vice President and Board member of HMC since its inception, Mr. Brooke initially served as HMC General Counsel and later as its Chief Operating Officer. Before joining HMC, Mr. Brooke served as General Counsel of Harbert Corporation. Prior to that role, he was a founder and managing partner of Wallace, Jordan, Ratliff and Brandt, a law firm in Birmingham, AL. He has been a guest lecturer on venture capital for the MBA programs at the University of Alabama, the University of Alabama-Birmingham and Birmingham-Southern College. He holds a degree in law (J.D.) and a Bachelor of Science degree in Business management from the University of Alabama.

wbrooke@harbert.net

 

William W. Brooke, Jr.
Associate

willbrookejr1

William W. Brooke Jr. is an Associate with Harbert Venture Partners. Mr. Brooke joined HMC in July 2012 to assist in the areas of fi­nancial analysis, deal sourcing, portfolio com­pany monitoring, investment due diligence, and market research. Prior to joining HMC, Mr. Brooke worked in the Investment Banking Groups of Morgan Stanley and Sterne, Agee and Leach where he participated in a variety of merger and acquisition, leveraged buyout, and capital markets transac­tions across a broad range of industries. Prior to his career in Invest­ment Banking, Mr. Brooke was a Project Manager with Montgomery Martin Contractors, a boutique Real Estate Development and Com­mercial Contracting firm in Nashville, TN. Mr. Brooke holds a Master of Business Administration degree from the University of North Carolina, a Master of Science in Finance degree from the University of Alabama and a Bachelor of Arts degree in Economics

wjrbrooke@harbert.net

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John T. Voge
Senior Analyst

JVoge

John T. Voge is a Senior Analyst with Harbert Venture Partners. Mr. Voge joined HMC in August 2014 to assist in the areas of finan­cial analysis, deal sourcing, portfolio company monitoring, investment due diligence, and market research. Prior to joining HMC, Mr. Voge worked in the Investment Banking Group at BB&T Capital Markets where he participat­ed in a variety of sell-side M&A, leveraged buy­out, and capital markets transactions across a broad range of industries including building products, industrial distribution, and consumer durables. Mr. Voge holds a Bachelor of Science degree in Management with a concentration in Finance from the Carroll School of Manage­ment at Boston College.

jvoge@harbert.net

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Lindsay B. Carlisle
Analyst

lcarlisle

Lindsay B. Carlisle is an Analyst with Harbert Venture Partners. Ms. Carlisle joined HMC in 2012 to assist in the areas of financial analysis, deal flow, fund marketing, investment due dili­gence and portfolio valuation. Prior to joining HMC, Ms. Carlisle worked as an analyst for pri­vate equity portfolio company FireRock Prod­ucts where she gained experience in market and sales analysis, revenue forecasting, and portfolio company operations. She holds a Bachelor of Science degree in Commerce and Business Administration from the Culverhouse Col­lege of Commerce and Business Administration at the University of Ala­bama where she concentrated in Finance and Economics.

lcarlisle@harbert.net

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Investment Criteria

HVP seeks to identify and invest in emerging companies with high growth potential. We seek to invest with seasoned entrepreneurs building emerging growth stage companies with defensible positions in large and growing markets. HVP typically invests $3.0 million to $7.0 million initially and continues to invest and build value through the growth of our portfolio companies. We typically seek board representation in our investments and provide constructive, strategic, operating and networking support to our portfolio companies.

We concentrate our investment focus on opportunities that, in our view, demonstrate the following characteristics:

  • Experienced management teams
  • Large and growing addressable markets
  • Recurring revenue business models
  • Scalable operating platforms

Information Technology:

  • Software
  • Communications and IT Infrastructure
  • Internet and Digital Media
  • Cyber Security
  • Financial Technology

Healthcare:

  • Healthcare IT
  • Healthcare Services
  • Medical Devices/Technology
  •  

Contact
HARBERT VENTURE PARTNERS
RICHMOND OFFICE

1210 East Cary Street, Suite 400
Richmond, Virginia 23219
Contact:
Brenda Mustian
bmustian@harbert.net
804-782-3800

BIRMINGHAM OFFICE

2100 Third Avenue North, Suite 600
Birmingham, Alabama 35203
Contact:
Chris White
cgwhite@harbert.net
205-987-5607