Important Form D Filing: Blyncsy $1.00 million Fundraising. Mark Pittman Submitted Oct 5 D Form

Technology Blyncsy, Inc. - Mark Pittman

Blyncsy Financing

Blyncsy, Inc., Corporation just had published form D for $1.00 million debt financing. This is a new filing. Blyncsy was able to finance itself with $150,000 so far. That is 15.00% of the round of financing. The total offering amount was $1.00 million. The financing form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $850,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Blyncsy is based in Utah. The company’s business is Other Technology. The form was submitted by Mark Pittman Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 224 South 200 West, Suite 110, Salt Lake City, Ut, Utah, 84101. Mark Pittman is the related person in the form and it has address: 224 South 200 West, Suite 110, Salt Lake City, Ut, Utah, 84101. Link to Blyncsy Filing: 000166487616000005.

Analysis of Blyncsy Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Blyncsy sold 15.00% 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 90.26% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies get financed for different needs and reasons. The minimum investment for this offering is 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 Blyncsy Also

The Form D signed by Mark Pittman might help Blyncsy, 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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