Gryppers, Inc., a sports technology company founded by two North Carolina State University football players, has raised $134,600 in a debt offering, according to a Securities and Exchange Commission filing.

The $134,600 was raised by three investors with the date of the first sale in July 2018. The offering has $365,400 remaining to be sold for a total of $500,000. The money is to be used for payments of salary in the ordinary course of business.

The Raleigh-based company produces finger grips that are a cross between athletic tape and football gloves. The grips stabilize joints and ligaments while also increasing grip strength, maximizing performance and reducing injury on impact.

The company was founded in 2011 by former NC State football players Jamelle Eugene and DaJuan Morgan. In 2016, the company began to gain attention after receiving its initial purchase orders from notable high school and collegiate programs.

From there, the company raised its first round of seed money which added sports and technology expert Donald Thomson to its team. The company also received a grant from NC Idea and was accepted into Groundwork Labs accelerator program in 2016.

In 2016, the company filed to raise $200,000 in equity, although it did not reach its goal. The story can be found here.

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.