PT Wired Raises $30,000

9/19/17

A physical therapy software application company headquartered in Greensboro has raised $30,000, but is hoping to raise a total of $100,000, according to a filing made with the Securities and Exchange Commission.

PT Wired Inc. aims to increase clinic profitability by enabling more effective patient engagement during the out-of-clinic rehabilitation period.

The app allows therapists to design customized and unique procedures for patients and provides up-to-date documentation, as well as provides reminders along with easy access to therapists and routines for patients.

The company was incorporated in 2016 and recently completed the beta version of its app. It is led by Vikram Sethuraman, the founder and chief executive officer.

Sethuraman co-founded PT Wired during his time as an undergraduate at the UNC-Chapel Hill Kenan-Flagler Business School. He graduated in 2016 with an emphasis in entrepreneurship.

The offering, so far, comes from two investors in the form of debt and is not being made in connection with a business combination transaction, such as a merger, acquisition or exchange offer.

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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