Ripple Labs Financing
Ripple Labs Inc., Corporation just had published form D about $55.20 million equity financing. This is a new filing. Ripple Labs was able to fundraise $55.20 million. That is 100.00% of the offering. The total offering amount was $55.20 million. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified.
Ripple Labs is based in California. The filler’s business is Other Technology. The form was signed by Norman Reed Secretary. The company was incorporated in 2014. The filler’s address is: 300 Montgomery Street, 12Th Floor, San Francisco, Ca, California, 94104. Christian Larsen is the related person in the form and it has address: 300 Montgomery Street, 12Th Floor, San Francisco, Ca, California, 94104. Link to Ripple Labs Filing: 000168501216000002.
Analysis of Ripple Labs Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Ripple Labs sold 100.00% of the offering. Could this mean that the trust in Ripple Labs is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 3,484.61% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Ripple Labs Also
The Form D signed by Norman Reed might help Ripple Labs 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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