Seva Technology Solutions Financing
Seva Technology Solutions, Inc, Corporation just released form D announcing $75,000 equity financing. This is a new filing. Seva Technology Solutions was able to fundraise $75,000. That is 100.00% of the financing offer. The total offering amount was $75,000. The financing form was filed on 2016-10-04. The reason for the financing was: unspecified.
Seva Technology Solutions is based in Alabama. The firm’s business is Other Technology. The SEC form was signed by Samit Desai Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 1057 E. Imperial Hwy., Suite 195, Placentia, Ca, California, 92870. Samit Desai is the related person in the form and it has address: 1057 E. Imperial Hwy., Suite 195, Placentia, Ca, California, 92870. Link to Seva Technology Solutions Filing: 000168498116000001.
Analysis of Seva Technology Solutions Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Seva Technology Solutions sold 100.00% of the offering. Could this mean that the trust in Seva Technology Solutions is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 95.13% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this financing is set at $0. 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 Seva Technology Solutions Also
The Form D signed by Samit Desai might help Seva Technology Solutions, 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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