Wilmington-based Kwipped Raises Over $272,000

10/30/17

By Emily Brice, NC BIZ News

Kwipped Inc., a business-to-business equipment rental and leasing marketplace, raised $272,500 in a private stock and debt offering, according to a Securities and Exchange Commission filing.

The company filed the Form D on Oct. 30 and decline to disclose what it intended to do with the funds. The company has another $77,500 left to sell.

In January, Kwipped also raised $580,000.

Kwipped is an online marketing offering B2B equipment rental, leasing and lease-to-own options through a large network of suppliers.

The company was founded by CEO Robert Preville. Preville has founded a number of other companies in the B2B arena, is the co-owner of the Greater Wilmington Business Journal and is an active angel investor via IMAF Cape Fear.

He earned his B.S. in mechanical engineering for the University of Maryland.

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 file can be found here.

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