By Laura Baverman @laurabaverman
Reporting on venture capital raises and other federal filings from a UNC-Chapel Hill School of Journalism news service
Each week, we’ll round up startup news from the UNC journalism students behind North Carolina Business News Wire. To read all of the students’ work covering public and private companies around the state, sign up for the daily newsletter.
Raleigh-based Shark Dreams raises $850,000
By Chris Roush
A Raleigh-based nanotechnology company has raised $850,000 in a private equity and options offering, according to a filing Wednesday with the Securities and Exchange Commission.
SharkDreams LLC raised the money from three investors. According to the filing, it is seeking to raise an additional $150,000.
The company, which was founded in 2017, aims to be the leading provider of advanced digital clinics in the health care industry to provide quality care for patients.
The company says it has developed unique products and software, which will allow patients, doctors, pharmacists and other caregivers to communicate in the most effective, secure, efficient and instant way to assist patient needs.
The company’s founder is Dharma Nukarapu, who previously was a software engineer at Lenovo from September 2011 to January 2017. He holds a master’s degree in computer science from Wichita State University.
Nukarapu holds five patents from his work at Lenovo.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically after they first sell their securities.
Cary-based Stitch Golf raises $3 million
By Chris Roush
A Cary-based golf equipment company has raised $3 million in a private equity offering, according to a filing Wednesday with the Securities and Exchange Commission.
Stitch Golf Holdings Inc. raised the money from 21 investors, according to the filing. It’s the first time that Stitch Golf has filed with the SEC.
The company, which was founded in 2012, manufactures golf bags, head covers and other equipment (pictured above). The company also sponsors PGA Tour players Brendon Todd and Carl Pettersson.
Stitch Golf’s founder and chief creative officer is Charlie Burgwyn, who previously was in sales at Callaway Golf. He was also CEO of Eritage Apparel.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically after they first sell their securities.
Durham-based Zenomics raises $2.8 million
By Chris Roush
A Durham-based health care company has raised $2.8 million in a private equity offering, according to a filing June 9 with the Securities and Exchange Commission.
Zenomics Inc. raised the money from one investor, according to the filing.
Zenomics, which was founded in 2015, is developing a microneedle transdermal patch technology for diabetes, which is able to sense blood glucose levels and respond with appropriate concentrations of insulin.
The company’s chief executive officer is Xuejie Wang.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically after they first sell their securities.