WasteZero Inc., a waste-reduction company, has raised $1.2 million in equity, according to a filing with the Securities and Exchange Commission.

The company still has $800,000 to raise, in order to meet its goal of $2 million.

The money was raised by a single investor, according to the filing.

The company had raised $1.5 million in June, $3.3 million in 2016 for working capital and another $7 million in 2015, according to SEC filings.

Founded in 1991, WasteZero partners with over 800 municipalities, helping them to reduce their volumes of solid waste and increase recycling rates.

It designs, implements and runs pay-as-you-throw programs, which it calls WasteZero Trash Metering programs. Instead of paying a flat fee for waste disposal, consumers are charged based on the amount of trash they throw away.

The company’s WasteZero Trash Metering programs and Pay-As-You-Throw conversion programs reduce solid waste on average 44 percent annually.

Mark Dancy is the president of WasteZero. Prior to becoming president, he was WasteZero’s vice president of sales and marketing as well as the manager of manufacturing. In May 2012, the South Carolina Department of Commerce recognized Dancy as a South Carolina Ambassador for Economic Development.

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.