Form D Watching Kinetica Db $6.01 million Financing. Amit Vij Submitted Oct 4 SEC form

Technology Kinetica Db, Inc. - Amit Vij

Kinetica Db Financing

Kinetica Db, Inc., Corporation just filed form D about $6.01 million equity financing. This is a new filing. Kinetica Db was able to sell $6.01 million. That is 100.00% of the offering. The total private offering amount was $6.01 million. The fundraising form was filed on 2016-10-04. The reason for the financing was: unspecified.

Kinetica Db is based in Virginia. The firm’s business is Other Technology. The form was signed by Amit Vij Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 801 N. Quincy Street, Suite 601, Arlington, Va, Virginia, 22203. Amit Vij is the related person in the form and it has address: 801 N. Quincy Street, Suite 601, Arlington, Va, Virginia, 22203. Link to Kinetica Db Filing: 000167122316000004.

Analysis of Kinetica Db Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Kinetica Db sold 100.00% of the offering. Could this mean that the trust in Kinetica Db is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 290.52% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was set at $0. 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 Kinetica Db Also

The Form D signed by Amit Vij might help Kinetica Db, 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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