Firepoint Solutions Financing
Firepoint Solutions, Inc., Corporation just submitted form D about $380,000 equity financing. This is a new filing. Firepoint Solutions was able to fundraise $80,000 so far. That is 21.05% of the offering. The total offering amount was $380,000. The financing document was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Firepoint Solutions is based in Alabama. The filler’s business is Other Technology. The form was submitted by Christopher Tamm CEO. The company was incorporated in 2014. The filler’s address is: 3969 E. Arapahoe Road, Suite 210, Centennial, Co, Colorado, 80122. Christopher Tamm is the related person in the form and it has address: 3969 E. Arapahoe Road, Suite 210, Centennial, Co, Colorado, 80122. Link to Firepoint Solutions Filing: 000166141216000006.
Analysis of Firepoint Solutions Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Firepoint Solutions sold 21.05% of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 94.81% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising is set at $30000. 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 Firepoint Solutions Also
The Form D signed by Christopher Tamm might help Firepoint Solutions, 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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