Durham-based antiperspirant lotion startup raises $1.9M from 43 investors

DURHAM — Clutch Inc., parent company of Carpe Lotion, has raised $1.9 million, according to a  filing with the Securities and Exchange Commission.

Carpe

The money was raised by 43 investors in the form of equity.

The Durham-based company produces Carpe antiperspirant lotion as an over-the-counter daily treatment for hands and feet.

Kasper Kubica and David Spratte, two University of North Carolina and Duke University graduates [pictured above], founded the company in 2014.

The crystallized active ingredient in Carpe serves as a sweatgland-level barrier to sweat, preventing it from reaching the surface.

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 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.