Noteworthy Form D Filing: Accusonus $750000 Fundraising. Michael Tzannes Submitted Oct 6 form


Technology Accusonus, Inc. - Michael Tzannes

Accusonus Financing

Accusonus, Inc., Corporation just released form D announcing $750,000 equity financing. This is a new filing. Accusonus was able to fundraise $599,979 so far. That is 80.00% of the fundraising offer. The total offering amount was $750,000. The private financing document was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $150,021 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Accusonus is based in Massachusetts. The filler’s business is Other Technology. The D form was signed by Michael Tzannes President. The company was incorporated in 2015. The filler’s address is: 17 Carley Road, Lexington, Ma, Massachusetts, 02421. Michael Tzannes is the related person in the form and it has address: C/O Accusonus, Inc., 17 Carley Road, Lexington, Ma, Massachusetts, 02421. Link to Accusonus Filing: 000168625716000001.

Analysis of Accusonus Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Accusonus sold 80.00% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 61.04% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this financing was 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 Accusonus Also

The Form D signed by Michael Tzannes might help Accusonus, 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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