Codespark, Inc., Corporation just filed form D about $3.87 million equity financing. This is a new filing. Codespark was able to finance itself with $3.67 million. That is 94.83% of the fundraising offer. The total financing amount was $3.87 million. The financing document was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $199,999 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Codespark is based in California. The firm’s business is Other Technology. The form D was filed by Grant Hosford CEO. The company was incorporated in 2014. The filler’s address is: 130 W. Union Street, Pasadena, Ca, California, 91103. Grant Hosford is the related person in the form and it has address: 130 W. Union Street, Pasadena, Ca, California, 91103. Link to Codespark Filing: 000168330516000002.
Analysis of Codespark Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Codespark sold 94.83% of the offering. The fundraising is still open. Could this mean that the trust in Codespark is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 138.37% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was 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 Codespark Also
The Form D signed by Grant Hosford might help Codespark, 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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