CHAPEL HILL – A Chapel Hill-based company that has developed software for investment advisors who serve families has raised almost $4 million, according to two filings with the Securities and Exchange Commission.
ETON Solutions raised $2.95 million in debt and $970,000 in equity. The company plans to raise another $1.07 million in debt and another $1.53 million in equity.
Between the two filings, ETON Solutions plans to raise $4.02 million in debt and $2.5 million in equity, or a total of $6.52 million. Eton Solutions CEO Robert E. Mallernee signed for both filings.
Mallernee has more than 30 years of experience in advising closely held businesses, senior corporate executives, entrepreneurs, venture capitalists and wealthy families by building investment, financial, and estate plans.
Prior to co-founding Eton Advisors, he served as head of the UBS Multi-Family Office Group.
The company provides technological solutions to family and multi-family office systems, aiming to “provide a client service experience that is not available in the family office field today,” according to its website.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but must file what’s known as a Form D electronically with the SEC after they first sell their securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism
