Ntopology Inc., Corporation just had published form D about $1.20 million debt financing. This is a new filing. Ntopology was able to fundraise $975,000. That is 81.25% of the fundraising. The total financing amount was $1.20 million. The form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $225,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ntopology is based in New York. The company’s business is Other Technology. The D form was submitted by Bradley Rothenberg President. The company was incorporated in 2013. The filler’s address is: 153 Lafayette Street, Floor 7, New York, Ny, New York, 10011. Bradley Rothenberg is the related person in the form and it has address: 153 Lafayette Street, Floor 7, New York, Ny, New York, 10013. Link to Ntopology Filing: 000168268116000002.
Analysis of Ntopology Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Ntopology sold 81.25% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 36.69% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this offering was set at $1. 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 Ntopology Also
The Form D signed by Bradley Rothenberg might help Ntopology 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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