Dragos, Inc., Corporation just had published form D for $1.20 million equity financing. This is a new filing. Dragos was able to finance itself with $1.20 million. That is 100.00% of the fundraising offer. The total private offering amount was $1.20 million. The offering form was filed on 2016-10-03. The reason for the financing was: unspecified.
Dragos is based in Alabama. The filler’s business is Other Technology. The form D was submitted by ROBERT LEE CHIEF EXECUTIVE OFFICER. The company was incorporated in 2016. The filler’s address is: 8115 Maple Lawn Boulevard, Suite 300, Fulton, Md, Maryland, 20759. Robert Lee is the related person in the form and it has address: 8115 Maple Lawn Boulevard, Suite 300, Fulton, Md, Maryland, 20759. Link to Dragos Filing: 000168656016000001.
Analysis of Dragos Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Dragos sold 100.00% of the offering. Could this mean that the trust in Dragos is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 22.08% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering 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 Dragos Also
The Form D signed by ROBERT LEE might help Dragos, 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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