Netsanity Raises $690,000


By Chris Roush, NC BIZ News

Netsanity, a Charlotte-based technology company, raised $690,000 from a debt sale, according to a filing Thursday with the Securities and Exchange Commission.

The money was raised from seven investors, according to the filing.

The company last raised money in October 2017, when it raised $250,000 in an equity offering.

The company did not disclose how the proceeds of the investment will be used.

Netsanity is a technology company that allows parents to control their children’s mobile devices. It is compatible with iPhones, iPads, iPods, and Samsung mobile devices.

Initially launched with Apple devices in 2014, Netsanity added support for Samsung in 2016. With its proprietary app blocking and DNS engines, as well as a global cloud infrastructure, Netsanity provides parents in more than 65 countries control over mobile devices without the need of a router.

Parents can control most settings remotely from any browser or a dedicated app.

The app’s “timeout” function allows parents to give their child a mobile “timeout” remotely.

Carl Petrovsky is the company’s chief executive officer and one of its founders. He previously was senior director of enterprise sales at CENTRI Technology and managing partner of Reva Networks LLC.

Companies relying on a Reg D 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.

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