Reality Analytics Financing
Reality Analytics, Inc., Corporation just released form D for $1.00 million debt financing. This is a new filing. Reality Analytics was able to finance itself with $665,000 so far. That is 66.50% of the fundraising offer. The total offering amount was $1.00 million. The financing document was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $335,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Reality Analytics is based in New York. The company’s business is Other Technology. The D form was submitted by Robert Odell Assistant Secretary. The company was incorporated in 2015. The filler’s address is: 157 Columbus Avenue, 4Th Floor, New York, Ny, New York, 10023. Stuart Feffer is the related person in the form and it has address: 157 Columbus Avenue, 4Th Floor, New York, Ny, New York, 10023. Link to Reality Analytics Filing: 000168011816000002.
Analysis of Reality Analytics Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Reality Analytics sold 66.50% of the offering. The fundraising is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 56.82% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups get financed for different reasons and needs. The minimum investment for this financing is set at $15000. 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 Reality Analytics Also
The Form D signed by Robert Odell might help Reality Analytics, 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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