Clearpath Robotics Financing
Clearpath Robotics Inc., Corporation just filed form D for $30.00 million equity financing. This is a new filing. Clearpath Robotics was able to finance itself with $23.22 million so far. That is 77.42% of the round of financing. The total private financing amount was $30.00 million. This form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $6.78 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Clearpath Robotics is based in Ontario – Canada. The company’s business is Other Technology. The SEC form was signed by Bryan Webb CFO/COO. The company was incorporated in 2016. The filler’s address is: 1425 Strasburg Road, Kitchener, A6, Ontario, Canada, N2r1h2. Matthew Rendall is the related person in the form and it has address: 1425 Strasburg Road, Kitchener, A6, Ontario, Canada, N2r1h2. Link to Clearpath Robotics Filing: 000168480216000001.
Analysis of Clearpath Robotics Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Clearpath Robotics sold 77.42% 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 1,408.12% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Clearpath Robotics Also
The Form D signed by Bryan Webb might help Clearpath Robotics 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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