Eight Sleep Financing
Eight Sleep Inc., Corporation just had published form D because of $12.79 million equity financing. This is a new filing. Eight Sleep was able to fundraise $10.45 million. That is 81.67% of the round of financing. The total financing amount was $12.79 million. The form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $2.35 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Eight Sleep is based in New York. The firm’s business is Other Technology. The D form was submitted by Matteo Franceschetti Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 146 Duane Street, Unit 5A, New York, Ny, New York, 10013. Matteo Franceschetti is the related person in the form and it has address: 146 Duane Street, Unit 5A, New York, Ny, New York, 10013. Link to Eight Sleep Filing: 000168635116000001.
Analysis of Eight Sleep Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Eight Sleep sold 81.67% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 578.35% 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 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 Eight Sleep Also
The Form D signed by Matteo Franceschetti might help Eight Sleep 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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