Raleigh-based Reveal Mobile, which is developing technology to exploit benefits of wireless beacon technology, is raising additional funding.
According to a securities filing on Friday, Reveal (formerly known as StepLeader) has closed on $679,275 in capital from five investors.
Reveal aims to raise a total of $1 million.
Reveal is among the presenters scheduled to pitch investors at the SEVC Fusion conference this week in Washington, D.C.
The new funding is debt, according to the filing.
Overall, Reveal has raised some $7.5 million in equity financing, based on filings information.
It has raised another $1.2 million debt.
Capitol Broadcasting, the parent of WRAL TechWire, is an investor in Reveal.
For the latest filing, see:
https://www.sec.gov/Archives/edgar/data/1577636/000157763617000001/xslFormDX01/primary_doc.xml
