Shiftwizard, Inc., Corporation just filed form D about $3.00 million equity financing. This is a new filing. Shiftwizard was able to fundraise $833,333 so far. That is 27.78% of the fundraising. The total offering amount was $3.00 million. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $2.17 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Shiftwizard is based in North Carolina. The filler’s business is Other Health Care. The SEC form was submitted by Joseph Velk President. The company was incorporated more than five years ago. The filler’s address is: 991 Aviation Parkway, Suite 400, Morrisville, Nc, North Carolina, 27560. Joseph Velk is the related person in the form and it has address: 991 Aviation Parkway, Suite 400, Morrisville, Nc, North Carolina, 27560. Link to Shiftwizard Filing: 000146137316000111.
Analysis of Shiftwizard Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Shiftwizard sold 27.78% of the offering. The financing is still open. The average offering amount for companies in the Other Health Care industry is $1.16 million. The offering was 28.16% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Startups get financed for a variety of reasons and needs. 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 Shiftwizard Also
The Form D signed by Joseph Velk might help Shiftwizard, 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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