Envested, a Durham-based startup, has raised $200,000 in a private stock offering, according to a Securities and Exchange Commission filing.
The company filed the Form D on April 11 and did not disclose what it intended to do with the proceeds. Envested would like to raise an additional $100,000.
The company is owned and operated by Isa and David Watson.
Before founding Envested in September 2015, Isa Watson was the vice president of strategy and business development at JPMorgan Chase & Co.
Envested is a social network that facilitates employee’s engagement with causes they care about by streamlining information on volunteer and donation opportunities. Their dashboard allows members of companies to track fellow employee’s actions and receive cumulative data on the impact the entire company made.
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