Cms Technology Financing
Cms Technology, Inc., Corporation just filed form D about $19.42 million equity financing. This is a new filing. Cms Technology was able to fundraise $17.78 million. That is 91.53% of the round of financing. The total financing amount was $19.42 million. The fundraising form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $1.64 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cms Technology is based in New York. The firm’s business is not disclosed. The form was filed by John Meccia Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1185 Avenue Of The Americas, Suite 1750, New York, Ny, New York, 10036. James R. Burns is the related person in the form and it has address: 1185 Avenue Of The Americas, Suite 1750, New York, Ny, New York, 10036. Link to Cms Technology Filing: 000152751416000003.
Analysis of Cms Technology Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Cms Technology sold 91.53% of the offering. The fundraising is still open. Could this mean that the trust in Cms Technology is high? The average offering size for companies in all industries in our database is $3.05 million. The total amount raised is 482.88% bigger than the average for companies in the database. The minimum investment for this financing was 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 Cms Technology Also
The Form D signed by John Meccia might help Cms Technology, 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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