Falconbridge Collection, a movie production company based in Durham, has raised $100,000, according to a filing with the Securities and Exchange Commission on Monday.
Falconbridge raised the money from a sole investor, according to the filing.
The production company currently has $700,000 remaining to receive the total $800,000 in funds it is raising.
A portion of the money is being used to pay Chief Executive Officer Elisabeth James and her business partner, Revere La Noue, for their services in relation to a motion picture they are set to produce.
The money was raised in the form of equity.
Elisabeth James is a producer, director and editor based in Durham, where her company Thornapple Films is headquartered.
James is the producer and editor of “The Loving Story,” which was shortlisted for an Academy Award and broadcasted in 2012.
Other works include an adaptation of Pulitzer Prize winner Doug Marlette’s novel Magic Time and production of the narrative feature Oka! Amerikee. James also produced “The Good Fight” and co-produced “The Lord God Bird,” both directed by George Butler.
Falconbridge Collection was formed in 2015 as a limited liability company and is currently focused on Overland, a documentary about a collection of geographically and culturally disparate characters who share a passion for the wild. The film takes place across Mongolia, the United Arab Emirates, Italy, Scotland and the American West.
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 with the SEC after they first sell their securities.