Three North Carolina startups are looking to raise $5.5 million in new capital – drone technology startup Farm Shots in Raleigh, eMind in Greenville and Level Beauty in Charlotte.

Each has been partially successful so far.

According to securities filings:

  • eMindScience Corp is looking to raise $3 million and has closed on $200,000.
  • Farm Shots has raise more than $1 million and is close to its total target.
  • Level Beauty wants to land $1.5 million.

Here are reports about each firm as provided by the UNC-Chapel Hill North Carolina Business News Wire:

  • eMind Science

Justina Vasquez reports that the company building a neuroscience-based smartphone application has seen eight investors but has met less than 10 percent of its $3 million private funding goal.

eMind Science Corp. is a Greenville-based neuroscience and software company is developing a mobile platform for users to measure and track their mental health in tandem with other body  vital signs.

The app is targeted at people to use in conjunction with a mental health professional in the eMindScience Network or to use with a personal therapist. Its operations are looking to partner with firms interested in boosting employee production efficiency and morale.

The company sold $200,000 since the start of this funding round, and the company stated in the filing that it has booked no revenues.

eMind Science did not state an intended use for its proceeds other than employee compensation.

  • Farm Shots

Wei Zhou reports that the Raleigh-based company has sold $1,096,500 in an equity offering.

Farm Shots filed a Form D on Sept. 14. It hoped to raise $1,111,000 in total, and $14,500 of the equity offering is left unsold. The company did not disclose what it intended to do with the proceeds in the filing.

Farm Shots is a technology company founded by six students of Duke University. The company utilizes a web platform that automatically detects diseases, pests and plant nutrition of farms by using satellite images. Joshua Miller is the chief executive officer of the company.


Farm Shots snapshot:

What the company offers in analysis of drone and satellite imagery:

  • Reduce scouting effort by as much as 90%

Map out potential signs of diseases, pests, and poor nutrition for scouting, reducing the area that needs to be covered by hand as much as 90%. With blazing-fast, high resolution imagery, detecting crop problems and resolving issues is easier than ever.

  • Reduce fertilizer application by as much as 40%

Turn imagery into a prescription map for fertilizer application. Optimize farm production and view analytics on farm performance. Data is exportable into nearly all agricultural software for prescription creation.

  • Use in the field and out

FarmShots comes with a responsive design that is simple and optimized for use on all tablets, laptops, and phones. When you first sign up with an account, you’ll have a test farm to play with. Click the button to sign up and demo it yourself!

Visit http://farmshots.com/ for details


Of the proceeds, $150,000 will be used for payments to the company’s executive officers and directors.

Companies relying on the Rule 506 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.

  • Level Beauty Group

Evanne Timberlake reports that ​Level Beauty Group Inc. has filed to raise $1.5 million.

The private company filed the Form D on Sept. 14. The minimum investment for this offering is set at $100,000, and the Charlotte-based company did not disclose what it intends to do with the money.

Level Beauty Group provides executive leadership and management, product design, brand building, operational guidance, financial partnership, and industry relationship services to beauty brands, according to its website. Model Kathy Ireland is its chief creative officer.

The company follows a five-tiered philosophy: follow the consumer, disrupt by design, build the brand, be socially responsible and invest early and often.

Chief executive officer Kenny Kahn previously worked at Muzak, where he led its turnaround.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must first file what’s known as a Form D electronically with the SEC after they first sell their securities.