Netsanity, a Charlotte-based technology company, raised $250,000 in equity from one undisclosed individual, according to a filing with the Securities and Exchange Commission.
The company hopes to raise a total of $1 million, the recent investment leaves a remaining $758,000 to be raised.
Netsanity has a $25,000 investment minimum and declined to disclose the amount of the issuer size.
The company did not disclose how the proceeds of the investment will be used.
Netsanity is a technology company that allows parents to control their children’s mobile devices. It is compatible with iPhones, iPads, iPods, and Samsung mobile devices.
Carl Petrovsky is the company’s chief executive officer and one of its founders. He previously was senior director of enterprise sales at CENTRI Technology and managing partner of Reva Networks LLC.
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.