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.
Durham medical device company hopes to raise $1 million
By Emily Brice
DURHAM, N.C. – Physcient Inc. is hoping to raise $1 million in a private stock offering, according to a SecurPhyscient_Logo_RGBities and Exchange Commission filing. It has raised $344,862 thus far.
The company filed the Form D on April 26. It did not disclose what it intended to so with the proceeds.
Physcient is owned and operated by Hugh Crenshaw and Charles Pell. The company was founded in 2007 and develops new surgical tools designed to decrease tissue damage.
The company is currently developing a dissector that differentiates between tissue types for laparoscopic, thoracic, endoscopic, plastic and general surgery.
The company claimed a Rule 506 (b) exemption for the filing. 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.
The form can be found here.
Cary-based Map My Customers raises $275,000
By Elizabeth Fleischer
CARY, N.C. — A North Carolina-based route planning and sales automation tool raised $275,000 in a private equity offering, according to a filing with the Securities and Exchange Commission.
Cary-based Map My Customers Inc. filed a Form D signed by Matthew Sniff and David Gardner on April 24.
The company, formed in 2015, helps people strategically target customers, plan driving routes to save money and gas, has lead generators and can help to automate sales with group emails.
According to the website, this is a tool for both individual and group sales teams for the sales, service and supply industries. Prices range from $7.99 to $34.99 a month.
Sniff is the founder and CEO of the company, which launched in December 2014. He was formerly chief technology officer of Coversplash, a stock photography network.
The total filing is for $275,000, and the full amount has been raised from one investor.
This is a new notice with the first date of sale on March 29. This offer is not being made in connection with a business combination transaction. There is no minimum investment accepted from an outside advisor.
None of the money raised will be used for payment to executive directors other than the payments of the salary in the ordinary course of business to certain of the parties listed on the filing.
The company claimed a Rule 506 (b) exemption for the filing. 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.
Get Spiffy raises $7.5 million in private offering
By Ryder Smith
DURHAM, N.C. – A Durham, North Carolina-based tech company has raised $7.5 million in a private equity offering, according to a Securities and Exchange Commission filing.
Get Spiffy Inc. filed the Form D on Friday. The company did not disclose what it intended to do with the proceeds.
Get Spiffy is an on-demand car cleaning technology and services company. The company provides an app that allows anyone to schedule a service.
Karl Murphy is the president and co-founder of Get Spiffy. Prior to his time at Get Spiffy, Murphy served as the president and owner of Carolina Auto Spa in Cary for over 10 years.
The company claimed a Rule 506 (b) exemption for the filing. 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.
The form can be found here.
These stories are from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism.
