Raleigh startup Elevar Technologies lands $430,00, wants more
RALEIGH — Elevar Technologies Inc. has raised $430,000 in a private debt sale, according to a filing with the Securities and Exchange Commission.
The Raleigh-based company raised the company from 16 investors and hopes to raise an additional $320,000, according to the filing.
The company raised $300,000 in equity in April 2017, according to an earlier SEC filing.
Elevar Technologies, which was founded in 2017, helps clients by developing event management software that helps them work more productively.
The company’s offerings include EventOPS, which includes calendars, file management, Gantt charts, budgeting, task management, and contact management features that help streamline event delivery for event managers, vendors, and event designers.
Its chief executive officer is Willy Stewart, who is founder, chairman and chief executive officer of Stewart Inc.
Stewart also serves as the chairman and chief executive officer of Stewart Engineering Inc., which was founded in 1994.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but instead must file a Form D electronically with the SEC when raising funds or securities.
This story is from the North Carolina Business News Wire, a service of the UNC-Chapel Hill School of Media and Journalism