A Morrisville, North Carolina-based company raised $2.3 million from nine investors, according to a Securities and Exchange Commission filing.
Anutra Medical Inc. filed the Form D on Oct. 24. It did not disclose what it intends to do with the proceeds. The minimum amount accepted from an outside investor was $24,999.
The medical device company develops local anesthetic delivery systems for dentists. It offers a local anesthetic delivery and buffering solution that simplifies the process of measuring doses of buffered anesthetic, a syringe that allows multiple doses in a single and disposable syringe and cassette that leverages engineering to help simplify the buffering process.
Anutra also provides training services. It was founded in 2013 by Daniel Davidian, who graduated from the UNC-Chapel Hill School of Dentistry.
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 with the SEC after they first sell their securities.
Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism
