Form D Friday is an Atlanta Inno feature highlighting regulatory filings and tips about Atlanta companies raising capital. Form D reports are a type of U.S. Securities and Exchange Commission form used to file a notice of exempt offerings of securities. The SEC requires companies file the notice within 15 days after the first sale of securities in the offering. These forms don’t include a lot of details but can provide clues as to what investors and business owners are planning. If you have any tips or comments about new Atlanta fundraises, email Zach Armstrong at zarmstrong@bizjournals.com.
Between Oct. 14 and Oct. 21, Atlanta startups raised nearly $9 million. One startup — equipment automation startup Greenzie — raised $8 million of that amount.
The four deals are according to reporting from Atlanta Inno and filings with the U.S. Securities and Exchange Commission. They come as startups in Georgia and nationally are seeing a decline in venture funding. PitchBook and National Venture Capital Association's latest report showed that local startups saw a 28% decrease of venture funding in the third quarter, prompting layoffs, cuts to product development and marketing.
Here are this week’s venture raises you might've missed:
- Atlanta startup Greenzie has raised its largest investment yet to automate more commercial lawn mowers. It also scored a partnership with leading construction and farm equipment manufacturer Bobcat Co., a subsidiary of the Doosan Group. Atlanta Ventures led Greenzie's $8 million round.
- NFANT Labs LLC, a Marietta-based digital health company, raised an additional $300,000 in a $2 million round, according to an SEC filing. To date, the company has raised almost $1.8 million, according to previous filings. It produces a medical device meant to help infants feed faster and safer. The company was co-founded in 2013 by its CEO Tommy Cunningham.
- BLA Technology LLC, a health consultancy company, has raised $675,000 of a $4 million round, according to an SEC filing. Little is known about the company. Linzy Scott is listed in the filing as the company’s director.
