Adwerx raises $2M in debt from 8 investors

Adwerx raises $2M in debt from 8 investors


DURHAM – Adwerx has closed $2 million in debt funding from eight investors, according to an SEC filing.

“Other than the payment of salaries and other compensation and benefits, no officer, director or promoter will receive any payments from the proceeds of this offering,” the filing reads.

The company, which provides what it calls “customer relationship advertising,” including in the real estate industry, chose not to disclose revenue on the filing.

Last December, the company reported 79% growth amidst the third and fourth quarters of 2020.

CEO Edward J. Carlson signed the filing, which noted the date of first sale as Nov. 5.

The company previously raised more than $4.4 million in equity funding in 2017.

Durham-based Adwerx posts strong growth, plans hiring

 





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Kassie Hoffman
Kassie pens down all the news from the world of politics on ANH.