Raleigh-based Offline Media Raises $975,000 in Debt

Offline Media Inc., a private North Carolina-based technology company, raised $975,000 in the form of debt, according to a filing Tuesday with the Securities and Exchange Commission.

The company still has $350,000 to raise to meet a goal of $1.325 million. The money was raised from 10 investors.

Offline developed an online platform that curates daily lists of popular places, deals and things to do through group events.

The company operates in three markets – Raleigh-Durham, Charlotte and Nashville. According to Offline’s LinkedIn page, the company hopes to bring Offline to 50 cities by 2020.

Offline describes itself as a team that uses proprietary technology and a human touch to identify the best things to do in a city, editorialize them, and deliver them to users’ pockets.

The company raised $700,769 in financing in April 2016. In September 2016, Offline filed a form D to raise $120,000 more in debt.

David Shaner, chief executive officer and founder of Offline, graduated as valedictorian from North Carolina State University’s chemical engineering program in 2012.

Companies relying on a Reg D exemption, aren’t required to register securities offerings with the SEC, but instead they must file a Form D electronically with the SEC after they sell the securities.

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