Wrightsville Beach-based Koolbridge Solar is looking to raise more funding, and Charlotte-based SmartSky Networks has made official its latest fund-raiser. 

Koolbridge aims for $2.5 million

In a new SEC filing, Wrightsville-based Koolbridge Solar wants to raise $2.5 million.

The company raised $875,000 in February.

Koolbridge Solar has a “Smart Load Center” where each individual breaker decides whether to use the electric or solar grid to save energy and money. The company has signed a five-year deal with North Carolina’s Clean Technology Energy Center.

Founded in 2013, the company is commercializaing the ideas of Dent, former chief scientist at Ericsson Mobile who fathered the Bluetooth technology. Dent started looking for ways for solar and utility power to interact less expensively and more reliably after a Carolinas storm knocked out his power.

CEO Burnett, who co-founded Remote Light previously, said the company’s load center “has the capability of knowing when the least expensive power is available” in a newspaper interview.

Koolbridge filed the latest Form D on April 10. The minimum investment accepted from any outside investor is $10,000, according to the filing. The company does not intend the offering to last more than one year, and it is not being made in connection with a business combination transaction.

Of the proceeds, $258,000 will go toward payments to executive officers, directors or promoters. Of that, Chairman John Stephen Burnett and director Paul Dent will receive $84,000 each, Director J. Phillips Johnston will receive $60,000, Chief Executive Officer Bill Griffin will receive $24,000, and Chief Financial Officer Bob Belts will receive $6,000.​

  • SmartSky Networks raises additional $109 million

In a securities filing, Charlotte’s SmartSky Networks has made official the $109 million in new funding it announced last week.

To date, SmartSky has raised nearly $250 million in equity with Goldman, Sachs & Co. helping the startup. It disclosed raising some $67 million last month.

“We are pleased to have accomplished the threshold technical and business milestones needed to close on this major capital formation step,” said Chairman and CEO Haynes Griffin in a press release. “As a result, we are moving rapidly with the deployment of our coast-to-coast national network to bring users fast, seamless connectivity in the air.”

SmartSky plans to roll out its air-to-ground network, SmartSky 4G, later this year, with nationwide coverage slated for 2017.

The new Form D was an amendment to it Feb. 14 filing in which it raised $66.65 million. The additional $109 million was raised in a private stock offering from five investors.