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.
Morrisville-based online forms company raises $1.7 million
By Chris Roush
A Research Triangle Park-based mobile forms and data company has raised $1.7 million in a private equity raise, according to a filing Wednesday with the Securities and Exchange Commission.
Field2Base Inc. raised the money from six investors and is seeking to raise an additional $500,000.
The company, which was founded in 2002, has clients across the United States and in select international countries using its software in industries such as health care, utilities, government and construction.
Ed White is the company’s chief executive officer. In 1980, White founded Utility Translation Systems Inc., a successful remote-meter reading software company headquartered in Raleigh.
In 1996 he sold UTS to Itron Inc., a supplier of energy information and communications solutions to the utility industry.
He served as Itron’s chairman until retiring in 2003 and has been a frequent speaker on metering, deregulation, and smart grid in the power supply industry at industry conferences throughout the world.
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 after they first sell their securities.
Cary-based Infina Connect raises $1.9 million
By Chris Roush
A Cary-based digital health care company has raised nearly $1.9 million in a private equity and debt raise, according to a filing Wednesday with the Securities and Exchange Commission.
Infina Connect Healthcare Systems Inc. raised the money from 16 investors, according to the filing.
The company operates an electronic physician referral system.
Infina Connect has been recognized in the 2013 Wall Street Journal Startup of the Year program and was named one of the 20 Most Promising Healthcare Tech Solutions by CIO Review magazine.
Mark Hefner is chief executive officer of Infina Connect. Previously he served as segment vice president at Allscripts, managing its health systems group and related professional services business, which included solutions for care management, referral management, home care, hospice, emergency department and patient flow.
He also previously led entrepreneurial businesses in health care IT for GE Healthcare and Hill-Rom IT Solutions, and began his career at Harris Corp. leading communication systems development.
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 after they first sell their securities.
Startup Istari Oncology has raised another $1.1 million
By Chris Roush
An oncology startup company based in the Research Triangle Park has raised another $1.1 million in a private equity offering, according to a filing Friday with the Securities and Exchange Commission.
Istari Oncology Inc. raised the money from 10 investors and is seeking to raise another $2.9 million, according to the filing.
It’s the second fund raising for the company this year. In February, it raised nearly $4 million.
The company was founded in 2014 as a Duke University start-up and works to cure recurrent glioblastoma. Executive officers and directors Dani Bolognesi, Henry Friedman and Darell Bigner lead the company.
Bolognesi is the former chief executive officer of Trimeris Inc., which developed AIDS drugs. He is also the director of the Center for AIDS Research at Duke University.
Friedman is a professor of pediatric oncology at Duke while Bigner is a cancer research professor.
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 after they first sell their securities.
