As the year winds down, the number of Triangle companies raising outside capital in 2021 continues to climb.
A sweep of securities disclosures shows the top fundraising startup for the week of Dec. 6-10 week was TrackX Technology of Hillsborough, which closed a $6.3 million equity round.
CEO Robert Isaacs, a neurosurgeon by training and former director of spine surgery at Duke University, describes the company's technology as a way “to allow you to see between the X-rays you take.”
“With TrackX … instantaneously I know that what’s happening is what I think is happening,” Isaacs said in a video on the firm’s website. “I know it’s telling me the truth at all times. TrackX was designed to make it so that you can place your instrumentation at the right position, right away.”
And when operating that’s critical – a fact investors appear to be banking on, as a securities filings shows its latest fundraise (capped at $7.5 million) secured 11 backers.
But TrackX wasn’t alone.
A Cary company looking to curb carbon emissions added $5 million to its coffers Dec. 7. Sustaera is a firm that, according to its website, has developed a “Direct Air Capture technology” that uses renewable energy. The goal is to “remove, replace and reuse carbon to enable a cleaner future.”
Sustaera is targeting sectors such as industrial heating, chemical production, aviation, cement and steel – all industries putting out significant carbon dioxide emissions.
Securities disclosures show an additional two startups raised funds last week – Phinite and Know Foods.
Raleigh-based Phinite Inc, which closed on nearly $300,000, works to turn animal farms into renewable fertilizer mines.
Raleigh’s Know Foods – which does business as KnowSeafood – raised $400,000. The firm has a blockchain service to show consumers the full supply chain for the food they are eating.
And that’s not taking into account self-disclosed rounds.
Durham ad tech firm Kevel, for example, self-reported a $10 million fundraise last week – a round its CEO said will fund headcount growth.