Form D Buzzer: Innovu $1.30 million Fundraising. David B Bordo Released Oct 5 Form D


Technology Innovu, Inc. - David B Bordo

Innovu Financing

Innovu, Inc., Corporation just had published form D about $1.30 million debt financing. This is a new filing. Innovu was able to sell $1.00 million so far. That is 76.92% of the fundraising offer. The total private financing amount was $1.30 million. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Innovu is based in Pennsylvania. The filler’s business is Other Technology. The SEC form was filed by David B Bordo Chief Financial Officer. The company was incorporated in 2016. The filler’s address is: 100 West Station Square Drive, Landmarks Building, Suite 500, Pittsburgh, Pa, Pennsylvania, 15219. Patrick B Stewart is the related person in the form and it has address: 127 Beaver Creek Court, Sewickley, Pa, Pennsylvania, 15143. Link to Innovu Filing: 000167204016000002.

Analysis of Innovu Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Innovu sold 76.92% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 35.06% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this financing was set at $100000. 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 Innovu Also

The Form D signed by David B Bordo might help Innovu, 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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