Form D Reporting: Space Time Insight $21.97 million Financing. Rob Schilling Published Oct 6 form D

Technology Space Time Insight, Inc. - Rob Schilling

Space Time Insight Financing

Space Time Insight, Inc., Corporation just submitted form D regarding $21.97 million equity financing. This is a new filing. Space Time Insight was able to sell $12.55 million so far. That is 57.13% of the fundraising. The total private offering amount was $21.97 million. The financing document was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $9.42 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Space Time Insight is based in California. The filler’s business is Other Technology. The form was signed by Rob Schilling Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1850 Gateway Drive, Suite 125, San Mateo, Ca, California, 94404. Rob Schilling is the related person in the form and it has address: 1850 Gateway Drive, Suite 125, San Mateo, Ca, California, 94404. Link to Space Time Insight Filing: 000155796516000002.

Analysis of Space Time Insight Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Space Time Insight sold 57.13% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 714.98% 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 Space Time Insight Also

The Form D signed by Rob Schilling might help Space Time Insight, 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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