Form D Action: Itopia $4.00 million Fundraising. JONATHAN LIEBERMAN Released Oct 5 Form D

Technology Itopia, Inc. - JONATHAN LIEBERMAN

Itopia Financing

Itopia, Inc., Corporation just had published form D for $4.00 million equity financing. The date of first sale was 2016-03-31. Itopia was able to finance itself with $1.17 million so far. That is 29.37% of the offering. The total fundraising amount was $4.00 million. The financing form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $2.83 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Itopia is based in Florida. The firm’s business is Other Technology. The D form was signed by JONATHAN LIEBERMAN Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 200 S.E. 1St Street, #401, Miami, Fl, Florida, 33131. Jonathan Lieberman is the related person in the form and it has address: 555 Ne 58Th Street, Miami, Fl, Florida, 33137. Link to Itopia Filing: 000155144916000002.

Analysis of Itopia Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Itopia sold 29.37% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 23.71% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds 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 Itopia Also

The Form D signed by JONATHAN LIEBERMAN might help Itopia, 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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