Charlotte, NC – Early stage investment group Charlotte Angel Fund announced today a $94,000 investment in PRSONAS, Inc., a company focused on development of holograms which use artificial intelligence as a means of augmenting their customers’ branding efforts. This investment was a part of the Company’s $525,000 convertible debt funding round. This is the Fund’s sixth investment since it formed in December 2013.
PRSONAS, based in Durham, NC, was an attractive investment due to its unique position of being a cutting edge technology company that has product in the market and a significant customer base. The company’s holograms are used by over 40 customers as digital greeters in a variety of settings.
In addition to funding from Charlotte Angel Fund, participants in the PRSONAS funding round included IMAF Coastal Plain, IMAF Sandhills, and IMAF East. Concurrent with the funding, PRSONAS also added former Red Hat executive Tom Rabon and former DigitalSmith’s executive Petra Weishaupt-Smith to its board of directors.
A significant factor in the Fund’s investment selection was the strong PRSONAS co-founder team of David Rose and Chuck Rinker. Their combination of experience and expertise in the areas of sales and technology development were keys to the investment decision.
“To have been able to develop a sophisticated technology product, launch it, and land over 40 customers with no external funding speaks volumes about the PRSONAS team,” stated Greg Brown, Charlotte Angel Fund’s Administrator. “We are pleased to have participated in this financing, and look forward to the development of the company and this exciting technology.”