Today’s Form D Alert Complion $2.90 million Fundraising. Richard Arlow Released Oct 4 D Form

Technology Complion Inc. - Richard Arlow

Complion Financing

Complion Inc., Corporation just submitted form D for $2.90 million equity financing. The date of first sale was 2016-07-22. Complion was able to sell $2.90 million. That is 100.00% of the round of financing. The total private offering amount was $2.90 million. The financing document was filed on 2016-10-04. The reason for the financing was: unspecified.

Complion is based in Ohio. The company’s business is Other Technology. The form was submitted by Richard Arlow Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 1621 Euclid Ave., Suite 2150, Cleveland, Oh, Ohio, 44115. Richard Lee Arlow is the related person in the form and it has address: 1621 Euclid Avenue, Suite 2150, Cleveland, Oh, Ohio, 44115. Link to Complion Filing: 000158187616000006.

Analysis of Complion Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Complion sold 100.00% of the offering. Could this mean that the trust in Complion is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 88.31% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Complion Also

The Form D signed by Richard Arlow might help Complion 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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