Durham-based SpokeHub Raises $140,000

9/22/17

By Addison Lalier, NC BIZ News

A Durham-based tech company has raised $140,000 in a private stock offering, according to a filing with the Securities and Exchange Commission.

SpokeHub is a group-based mobile application that gives users the ability to create or join hubs around trending topics or areas of interest.

The app emphasizes the ability to create or join public or private hubs in order to provide a safe place for users to interact.

The social media company intends to raise a total of $500,000, with $360,000 remaining to be sold, through six investors.

Spokehub is led by CEO Robert Hartsfield and co-founders Doug Armstrong and Richard Berryman III.

Armstrong, also chief technology officer, is responsible for the development of the social media platform. Prior to SpokeHub, he started and ran a mobile-app development and consulting company.

Berryman has over eight years experience with software sales, and prior to co-founding SpokeHub, has worked with Avalara, ChannelAdvisor and Blackboard.

SpokeHub launched in June 2017 and is available for download on all iOS and Android devices.

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.

The filing can be found here.

Recent Deals

Interested in advertising your deals? Contact Edwin Warfield.