Kiio Inc., Corporation just submitted form D because of $927,000 debt financing. The date of first sale was 2016-06-30. Kiio was able to finance itself with $927,000. That is 100.00% of the fundraising. The total offering amount was $927,000. The fundraising form was filed on 2016-09-30. The reason for the financing was: unspecified.
Kiio is based in Wisconsin. The firm’s business is Other Technology. The form D was signed by David Grandin President. The company was incorporated in 2011. The filler’s address is: 2920 Marketplace Drive, Suite 203, Madison, Wi, Wisconsin, 53719. David Grandin is the related person in the form and it has address: 2920 Marketplace Drive, Suite 203, Madison, Wi, Wisconsin, 53719. Link to Kiio Filing: 000089271216001911.
Analysis of Kiio Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Kiio sold 100.00% of the offering. Could this mean that the trust in Kiio is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 39.81% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this offering is set at $25000. If you know more about the reasons for the fundraising, 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 Kiio Also
The Form D signed by David Grandin might help Kiio 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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