Clarabridge Inc, Corporation just released form D for $13.13 million equity financing. This is a new filing. Clarabridge was able to finance itself with $12.49 million. That is 95.08% of the round of financing. The total private offering amount was $13.13 million. The private financing document was filed on 2016-09-23. The reason for the financing was: unspecified. The fundraising still has about $646,298 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Clarabridge is based in Virginia. The firm’s business is Other Technology. The D form was filed by Karl Knoll General Counsel, Secretary. The company was incorporated more than five years ago. The filler’s address is: 11400 Commerce Park Drive, Suite 500, Reston, Va, Virginia, 20191. Sid Banerjee is the related person in the form and it has address: 11400 Commerce Park Drive, Suite 500, Reston, Va, Virginia, 20191. Link to Clarabridge Filing: 000134474716000002.
Analysis of Clarabridge Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Clarabridge sold 95.08% of the offering. The financing is still open. Could this mean that the trust in Clarabridge is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 710.77% 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 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 Clarabridge Also
The Form D signed by Karl Knoll might help Clarabridge 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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