Adaptivity wants to secure $2 million in debt financing.
An Intersouth Partners-funded company is trying to land more than $2 million in debt financing.
Charlotte-based Adaptivity, a company that netted $6 million in venture-capital financing from investors including Durham-based Intersouth last September, has secured about half of the $2 million it now is seeking to raise, according to SEC filings.
Adaptivity creates IT software and was founded in 2007. A previous fundraising round in 2010 netted $10 million.
Intersouth?s Katrin Burt is listed as a director and Lee Congdon, chief information officer of Raleigh-based Red Hat (NYSE: RHT), also is a board member at Adaptivity.
Intersouth Partners did not immediately respond to a request for comment.
Lauren Ohnesorge covers technology, biotechnology and Durham County.
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Source: http://feedproxy.google.com/~r/vertical_44/~3/RRmIKo14J5s/intersouth-funded-company-raising-2m.html
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