Mediashift Holdings Financing
Mediashift Holdings, Inc., Corporation just released form D because of $12.00 million debt financing. This is a new filing. Mediashift Holdings was able to fundraise $2.11 million so far. That is 17.54% of the round of financing. The total offering amount was $12.00 million. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $9.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mediashift Holdings is based in Colorado. The firm’s business is Other Technology. The SEC form was filed by Ben Ertischek CFO, Senior V.P., Treasurer and Assistant Secretary. The company was incorporated in 2014. The filler’s address is: 4500 Cherry Creek Drive South, Suite 550, Glendale, Co, Colorado, 80246. Dan O’brien is the related person in the form and it has address: 4500 Cherry Creek Drive South, Suite 550, Glendale, Co, Colorado, 80246. Link to Mediashift Holdings Filing: 000162386816000004.
Analysis of Mediashift Holdings Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Mediashift Holdings sold 17.54% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 36.69% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $10000. 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 Mediashift Holdings Also
The Form D signed by Ben Ertischek might help Mediashift Holdings, 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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