Stitch Golf Raises $3M

6/14/17

By Chris Roush, NC BIZ News

A Cary-based golf equipment company has raised $3 million in a private equity offering, according to a filing Wednesday with the Securities and Exchange Commission.

Stitch Golf Holdings Inc. raised the money from 21 investors, according to the filing. It’s the first time that Stitch Golf has filed with the SEC.

The company, which was founded in 2012, manufactures golf bags, head covers and other equipment. The company also sponsors PGA Tour players Brendon Todd and Carl Pettersson.

Stitch Golf’s founder and chief creative officer is Charlie Burgwyn, who previously was in sales at Callaway Golf. He was also CEO of Eritage Apparel.

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 after they first sell their securities.

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