A Raleigh-based investment fund company raised $128,000 in equity, according to a Securities and Exchange Commission filing.

Malartu Fund III LLC raised the full amount through 23 investors.

Malartu’s website says the company connects business intelligence to venture capital. One can invest in single-company funds, partners or sidecar funds.

The form, filed on Nov. 29, can be found here.

The company was formed in 2015 and is a pooled investment fund categorized under the other investment fund and is not registered as an investment company under the Investment Company Act of 1940.

The company declined to disclose its aggregate net asset value range.

The filing was a new filing with the first date of sale being Nov. 23.

The offer is not being made in connection with a business combination transaction such as a merger or acquisition. None of the gross proceeds will be used as payment for executive officers or directors.

Malartu Fund III claimed a Rule 506 (c) exemption for the filing. Companies relying on the Rule 506 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.