Nav Technologies Financing
Nav Technologies, Inc., Corporation just had published form D for $25.00 million equity financing. This is a new filing. Nav Technologies was able to sell $21.31 million. That is 85.25% of the fundraising. The total private financing amount was $25.00 million. The private financing document was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $3.69 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Nav Technologies is based in California. The firm’s business is Other Technology. The form D was signed by D Levi King Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 155 Bovet Road, Suite 310, San Mateo, Ca, California, 84095. D. Levi King is the related person in the form and it has address: 155 Bovet Road, Suite 310, San Mateo, Ca, California, 94402. Link to Nav Technologies Filing: 000157713016000002.
Analysis of Nav Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Nav Technologies sold 85.25% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,283.92% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Nav Technologies Also
The Form D signed by D Levi King might help Nav Technologies, 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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