Two Triangle startups have raised new capital, according to securities filings.
- In Raleigh, SharkDreams has closed on $1 million after raising $850,000 in June.
- In Chapel Hill, cryptocurrency startup Merito has raised $100,000.
Here are the details as reported by North Carolina Business News Wire with links to additional company information.
- Raleigh-based digital health care company SharkDreams raises $1 million
By Sissy Rodriguez, NCBNW
RALEIGH – SharkDreams, a digital health care company that uses cloud-based data analytics and artificial intelligence, has raised $1 million in a private equity and options offering, according to a filing with the Securities and Exchange Commission.
- More coverage: Read a WRAL TechWire profile of the company.
The money came from three investors. The company had earlier raised $850,000 in June.
Founded in 2017, the Raleigh-based company’s aim is to become a leading provider of advanced digital clinics through unique software products and devices, in order to provide high quality care for patients everywhere.
The company’s founder is Dharma Teja Nukarapu, a Wichita State University computer science graduate who previously worked as a software engineer at Lenovo from 2011 to the end of 2016.
Nukarapu holds five patents from his work at Lenovo.
- Chapel Hill cryptocurrency company Merito raises $100,000
By Emily Brice, NCBNW
CHAPEL HILL – Merito, a Chapel Hill-based software company, raised $100,000 according to a filing with the Securities and Exchange Commission.
The company filed the Form D on Nov. 6 and did not disclose what it intended to do with the funds.
Merito’s software application can turn any game PC into a money-earning system by allows gamers to earn income passively and receive payouts via PayPal, Steam Games or through gift cards.
Evan Neal, Merito’s CEO and founder, graduated from East Chapel Hill High School in 2015. He has been experimenting in the “cryptocurrency” industry since he was a junior in high school and has founded several other similar companies prior to Merito.
- More coverage: Read Evan Neal’s profile at LinkedIn