WILMINGTON – Vantaca, a Wilmington-based provider of software for association management companies, disclosed it has raised $5 million in equity in an SEC filing.

The filing notes that the funding period is indefinite, though it also indicated it does not anticipate the filing period to last longer than one year. So far, 16 investors have funded the company since the date of the first sale, which occurred earlier this month.  The investment minimum is $50,000, according to the filing.

Vantaca announced in September 2021 that it would be hiring more than 100 workers with salaries averaging about $80,000.  The company received an incentives package worth some $1.7 million.  According to prior reporting from WRAL TechWire and from WilmingtonBiz, the company planned to invest $5 million.

Software firm bringing 100+ jobs paying $80,000 to Wilmington

Ben Currin, the CEO of Vantaca, signed the SEC filing.

“Quality of life and work-life balance is incredibly important to our team, and in that respect, we have found Wilmington to be an ideal home,” Currin said in a statement in September.

Currin declined to comment to WRAL TechWire on Monday.

The company was named as an Inc. 5000 company based on its three-year growth rate, ranking 679th.  The company also received According to the company’s LinkedIn profile, it has 80 employees and is hiring software engineers.