A Huntersville, North Carolina-based company has raised nearly $2 million in a private equity offering, according to a Form D filed with the Securities and Exchange Commission on Friday.

ProctorFree Inc. completed its goal of raising just more than $1.98 million. The company did not say how it planned on using the funds.

“ProctorFree is an online, on-demand proctoring service that allows students to take exams from anywhere using the computers webcam and internet connection,” the company states on its website.

Additionally, ProctorFree hopes its platform will be used for verifying student identities and human resources hiring.

CEO Andrew Caldwell signed the form. Caldwell took over executive duties at ProctorFree in April 2017. Previously, he worked as the vice president of business development for the company.

Chief Operating Officer Michael Murphy and directors Mark McDowell, Jonathan Boggiano and Steve McLeod are also listed on the form. More information about the ProctorFree team can be found here.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but must file what’s known as a Form D electronically with the SEC after they first sell their securities.

The form can be found here.