Jade Photech Financing
Jade Photech Ltd, just submitted form D for $24.00 million equity financing. The date of first sale was 2015-05-05. Jade Photech was able to fundraise $2.58 million so far. That is 10.75% of the round of financing. The total financing amount was $24.00 million. The financing form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $21.42 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jade Photech is based in Georgia. The filler’s business is Other Technology. The form D was submitted by Brian Rooker Chief Administrative Officer. The company was incorporated in 2014. The filler’s address is: 2Nd Floor, 625 Kings Road, North Point, K3, Hong Kong, 00000. Brian Rooker is the related person in the form and it has address: 6611 Bay Circle, Suite 120, Norcross, Ga, Georgia, 30071. Link to Jade Photech Filing: 000164230316000004.
Analysis of Jade Photech Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Jade Photech sold 10.75% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 67.53% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $30000. 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 Jade Photech Also
The Form D signed by Brian Rooker might help Jade Photech Ltd’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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