First Union Corporation
VC Fund
Charlotte, United States
First Union Corporation is a VC fund in Charlotte focused on Finance and Internet. First Union Corporation, with headquarters in Charlotte, North Carolina, is the nation's sixth largest banking company based on assets of $258 billion at June 30, 2000. They have the largest domestic deposit share from Florida to Connecticut. First Union has a nationwide presence as the sixth largest securities brokerage company, based onmore than 7,000 Series 6 and Series 7 registered representatives. They are advisors to the nation's 20th largest mutual fund complex. They are among the nation's largest middle-market commercial lenders. Their goal is to complement their traditional banking products with a completely integrated selection of investment banking, brokerage and asset management products and services. They rank among the Top 10 in several key Capital Markets products and services, including asset securitizations, leveraged finance and loan syndication transactions. First Union also has sizable small business and cash management operations, which rank among the Top 3 nationwide. First Union serves 15 million customers. Customers may access their account information and purchase financial products at any of more than 2,200 retail offices (the nation's third largest branch network); nearly 3,800 automated teller machines (the nation's fourth largest ATM network).
- Total investments:
- 11
- Last investment:
- Lead investor:
- 9%
Last updated:
For AI agents: llms.txt
Industries First Union Corporation invests in
Stages First Union Corporation invests in
Countries First Union Corporation invests in
Investment Focus
Industry
- Finance 3 (27%)
- Internet 3 (27%)
- Financial Services 3 (27%)
- Telecommunications 2 (18%)
- Banking 1 (9%)
Stage
- Private Equity 4 (36%)
- Funding Round 3 (27%)
- Series A 1 (9%)
- Series B 1 (9%)
- Series C 1 (9%)
Investments
| Company | Description | Round | Links |
|---|---|---|---|
ManagedStorage International
|
ManagedStorage International (www.msiservice.com) helps organizations of all sizes control their storage management costs and provides best-in-class outsourced services for data protection and resource management. Its services are delivered to enterprise and service provider customers in the United States, United Kingdom, Bermuda and Tokyo. MSIuses its proprietary GridWorks management system to deliver guaranteed data management and data protection services across all types of storage systems, both on-site and remotely. | $9.8M / Series B / Feb 21, 2002 | |
|
ManagedStorage International
|
ManagedStorage International (www.msiservice.com) helps organizations of all sizes control their storage management costs and provides best-in-class outsourced services for data protection and resource management. Its services are delivered to enterprise and service provider customers in the United States, United Kingdom, Bermuda and Tokyo. MSIuses its proprietary GridWorks management system to deliver guaranteed data management and data protection services across all types of storage systems, both on-site and remotely. | $50M / Series B / Sep 28, 2000 | |
BondDesk
|
BondDesk Group LLC is the nation’s largest retail bond trading venue, providing enterprise-wide fixed income solutions to many of the top broker-dealers in North America.Through the BondDesk Alternative Trading System (ATS) run by broker-dealer subsidiary BondDesk Trading LLC, clients access 100,000 live offerings and execute over 20,000transactions per day.Traders, Financial Advisors, and Individual Investors access commingled inventory from more than 175 broker-dealers through a contributor/distributor model.BondDesk fixed-income software solutions provide their clients with an arsenal of advanced products, delivering comprehensive analytics and decision-support tools directly to their desktops.The BondWorks Fixed Income Wealth Management Platform, their latest generation advisor workstation, has set new standards in the industry. BondWorks features an intuitive design that enables light users of fixed income to easily and confidently find bonds and place trades, while its advanced search engine and sophisticated analytics appeals to sophisticated fixed income producers. | Aug 10, 2000 | |
Outercurve Technologies
|
Outercurve Technologies, a provider of wireless data services. | $14.5M / Series A / Jul 19, 2000 | |
Carolina BroadBand
|
Carolina BroadBand Inc. is a new, privately-held company offering Carolina residents and businesses a choice in providers for broadband multi-media service, including bundled local cable, Internet access and digital local and long-distance telephone services. | $402M / Private Equity / May 18, 2000 | |
AdvisorTech
|
AdvisorTech believes intermediaries - from major broker-dealers, banks, and insurance companies to investment advisors and financial planners - will continue to play an important role in ensuring that individual investors achieve their goals. To compete effectively, intermediaries need access to Internet technology, high-quality products andinvestment insight - AdvisorTech provides that access. They do this with technology that supports investment selection, marketing, customer management, and the trading of mutual funds and other financial products. Their customers include both large and small financial intermediaries around the globe. | $25M / Private Equity / May 05, 2000 | |
Quantum Bridge Communications
|
Quantum Bridge Communications, a privately-held company headquartered in North Andover, Massachusetts, is focused on delivering next-generation Optical Access Networking equipment designed to eliminate the bandwidth bottlenecks that exist in the public network's first mile.Founded in October 1998, Quantum BridgeTM is pioneering thedevelopment of Optical Access Networking equipment that will enable telecommunications service providers to cost-effectively deliver high-bandwidth services to business customers. | $102M / Series C / Apr 19, 2000 | |
The Consumer Financial
|
The Consumer Financial Network, headquartered in Duluth, GA, is a sophisticated e-commerce platform for financial services and related benefits over the Internet and an around-the-clock teleweb customer service center. CFN is provided at no cost to large companies and associations for distribution as a human resource benefit to their employees ormembers. | $130.5M / Private Equity / Mar 24, 2000 | |
carClub
|
At carclub.com, Their mission is to provide automotive consumers with the best car owning experience they will ever have. We're committed to building their business based on what customers want and how they like to be treated. Whether by web or by phone, they aim to offer comprehensive selection, unprecedented savings, and state of the artservice. | $45M / Feb 23, 2000 | |
VeloCom
|
VeloCom is an international broadband communications company. It is based in Englewood, Colorado, United States. | $250M / Private Equity / Jan 05, 2000 | |
| See all 11 investments → | |||
Co-Investors
Pamlico Capital
4 deals together
Chase Capital Partners
3 deals together
Morgan Stanley Dean Witter
3 deals together
Providence Equity Partners
3 deals together
Dain Rauscher Wessels
2 deals together
J.H. Whitney & Co
2 deals together
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FAQ
What does First Union Corporation invest in?
First Union Corporation invests primarily in Finance, Internet and Financial Services startups, most often at Private Equity and Funding Round stage. Most of the 11 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.
When did First Union Corporation last invest?
The most recent investment recorded for First Union Corporation closed in Feb 2002. Shizune tracks 11 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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