Form D Action Shiftpixy $2.03 million Financing. Scott W Absher Released Oct 4 form

Business Services Shiftpixy, Inc. - Scott W Absher

Shiftpixy Financing

Shiftpixy, Inc., Corporation just released form D because of $2.03 million equity financing. This is a new filing. Shiftpixy was able to sell $2.03 million. That is 100.00% of the financing offer. The total private financing amount was $2.03 million. The financing form was filed on 2016-10-04. The reason for the financing was: unspecified.

Shiftpixy is based in California. The firm’s business is Business Services. The SEC form was filed by Scott W Absher CEO/CFO. The company was incorporated in 2015. The filler’s address is: 1 Venture, Suite 150, Irvine, Ca, California, 92618. Scott W. Absher is the related person in the form and it has address: 1 Venture, Suite 150, Irvine, Ca, California, 92618. Link to Shiftpixy Filing: 000167563416000001.

Analysis of Shiftpixy Offering

On average, startups in the Business Services sector, sell 69.04% of the total offering amount. Shiftpixy sold 100.00% of the offering. Could this mean that the trust in Shiftpixy is high? The average offering amount for companies in the Business Services industry is $583,000. The total amount raised is 248.65% bigger than the average for companies in the Business Services sector. The minimum investment for this financing is set at $12500. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Shiftpixy Also

The Form D signed by Scott W Absher might help Shiftpixy, Inc.’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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