Ivalu8, Inc., Corporation just filed form D announcing $400,000 debt financing. The date of first sale was 2015-06-19. Ivalu8 was able to finance itself with $309,750 so far. That is 77.44% of the financing round. The total fundraising amount was $400,000. The form was filed on 2016-10-05. The reason for the financing was: None other than payments of salary in the ordinary course of business.. The fundraising still has about $90,250 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ivalu8 is based in North Carolina. The firm’s business is Other Technology. The form was signed by Matthew G Lenora Attorney-in-Fact. The company was incorporated in 2013. The filler’s address is: 112 Silo Drive, Suite 200, Chapel Hill, Nc, North Carolina, 27514. Joseph A. Carsanaro is the related person in the form and it has address: 112 Silo Drive, Suite 200, Chapel Hill, Nc, North Carolina, 27514. Link to Ivalu8 Filing: 000164628216000003.
Analysis of Ivalu8 Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Ivalu8 sold 77.44% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 79.89% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this financing was 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 Ivalu8 Also
The Form D signed by Matthew G Lenora might help Ivalu8, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.