Durham-based Veritas Collaborative Raises Almost $9M

10/26/17

Veritas Collaborative Holdings LLC, a company that focuses on the treatment on eating disorders, has raised $8.7 million in a private equity offering, according to a filing Thursday with the Securities and Exchange Commission.

This is not the first time the Durham-based organization has received funding. In 2015, it raised $9.1 million to expand in Durham with a new treatment facility.

No manager, officer, director, or promoter will receive payments from the proceeds of the offering, except in the case of salaries or benefits, according to the filing.

The company is led by by founder and chief executive officer Stacie McEntyre. McEntyre previously worked as the executive director of Carolina House, a residential eating disorder treatment center.

She partnered with Chase Bannister to co-found Veritas in 2012. In addition to Durham, it has locations in Richmond and Atlanta.

Veritas offers a child and adolescent treatment program, as well as an adult treatment program.

Private companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but must file a Form D electronically with the SEC after they sell their securities.

It's on us. Share your news here.

Submit your stories and articles to citybizlist today.