Asheville-based Avadim Technologies, Raleigh-based startup Momentum Learning and Charlotte-based Blue Blaze Brewing have raised investment capital.
Here are the details, based on securities filings.
- Avadim Technologies raises more than $1M
ASHEVILLE – Avadim Technologies has raised another $1.180 million as part of a continuing funding round.
The company, about which talk has circulated that it might executive an IPO, has now raised nearly $10 million in this latest round.
Some 114 investors across 12 states have participated in the all-equity round.
“Total Offering Amount represents the price of 4,705,883 shares @ $4.25 per share to be issued pursuant to a private placement, of which 2,311,686 shares have been issued to date,” Avadim said in the filing.
Avadim has been offering the shares since March of this year.
In the Inc 5000 list for 2017, Avadim ranked No. 162 with revenues of $6.3 million.
Avadim manufactures skin hygiene products to healthcare providers, and according to its website the company offers items such as “specialty care packs,” silver bathing systems, body cleansers and pH and hygiene management sprays.
The company was founded in 2007 in Asheville.
In September 2016, Avadim announced it will launch a major expansion of operations in Buncombe County, building a new 100,000 square foot corporate headquarters to “meet rapid growth and demand of its technology.”
- Raleigh-based Momentum Learning raises $375,000
By Olivia Schaber, North Carolina Business News Wire
RALEIGH – Momentum Learning Inc. raised $375,000 in an equity offering, according to a filing Monday with the Securities and Exchange Commission.
The money was raised from five investors, according to the filing. The company still has $25,000 left to raise.
Raleigh-based Momentum Learning was founded this year.
Jessica Mitsch, chief executive officer of Momentum Learning, is the executive director of growth and strategic partnerships at The Iron Yard. Formerly, she was the director of global operations at The Iron Yard and the campus director of TIY Durham at The Iron Yard since 2014.
The Iron Yard has closed its Raleigh and Durham locations.
Prior to 2014, Mitsch was a global mobility associate at Red Hat. She graduated from the College of Charleston with a B.S. in religious studies and dance.
- Charlotte-based craft brewery hopes to raise $1 million
By Lindsey Welch, North Carolina Business News Wire
CHARLOTTE — Blue Blaze Brewing Inc., a craft brewery located in the west end of Charlotte, wants to raise $1 million, according to a filing with the Securities and Exchange Commission.
The brewery was founded in 2013 by Craig Nunn and Sven Giersmann, and it opened the micro brewing facility in Charlotte in June 2016.
Master brewer Steve Turner moved from Colorado to join the company. He is a Master Brewers Association of Americas member, a five-time GABF & World Beer Cup medal winner, and was recently a Colorado State University fermentation science & technology instructor.
The offering comes in the form of equity, and the minimum investment being accepted by an outside investor is $25,000. It is not being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer.
Blue Blaze focuses on using locally-sourced and pesticide-free ingredients whenever possible. It currently produces five flagship beers and a rotating selection of seasonal and specialty beers.