Charlotte startup Periscope Health Analytics raising $575K after winning NC IDEA grant

CHARLOTTE – The Charlotte-headquartered startup Periscope Health Analytics, Inc. is in the process of raising capital.

According to an SEC filing, the company has raised $575,000 in equity from nine investors.  The minimum investment accepted from any investor is $25,000, according to the filing.

But the filing states that the total offering amount is $4 million.  The filing notes that $50,000 of the funds raised will be used to “repay a prior promissory note held by an executive officer, which amount is being rolled over into a Simple Agreement for Future Equity being issued to such executive officer in the offering.”

According to the filing, the date of the first sale was on April 22, 2022, and the filing is dated May 2, 2022.

The company recently won an NC IDEA MICRO grant worth $10,000.  A website for the company indicates an update to the website is “coming summer 2022.”