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Raleigh co-working space Loading Dock raises $836,000

May, 12 2017, 7:13 AM

A collaborative workspace company based in Raleigh has raised $836,000 from investors in a private equity and debt offering, according to a filing Thursday with the Securities and Exchange Commission.

Loading Dock Raleigh LLC raised the money from one investor, according to the filing.

The company, which was formed in 2017, has three membership plans ranging in price from $225 a month to $400 a month. Each comes with usage of a conference room and meeting space, printing, WiFi and coffee.

Its offices are located on Whitaker Mill Road in a former grocery warehouse. Some of the businesses using its space include Carpenter Real Estate Group, Gingham Creative and the North Carolina Craft Brewers Guild.

The founder of the company is Philip Freeman, who is also the CEO of Murphy’s Naturals Inc., a natural products manufacturer.

The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

Note: This story is from the North Carolina Business News Wire, a service of UNC-Chapel Hill’s School of Media and Journalism