Storj Labs Financing
Storj Labs, Inc., Corporation just released form D about $1.00 million equity financing. This is a new filing. Storj Labs was able to finance itself with $150,000 so far. That is 15.00% of the financing offer. The total financing amount was $1.00 million. The financing form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $850,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Storj Labs is based in Alabama. The company’s business is Computers. The D form was signed by Karlena Goldman-Bates Attorney-in-fact. The company was incorporated in 2015. The filler’s address is: 466 Vinings Estates Drive, Se, Mableton, Ga, Georgia, 30126. Shawn Wilkinson is the related person in the form and it has address: 466 Vinings Estates Drive, Se, Mableton, Ga, Georgia, 30126. Link to Storj Labs Filing: 000165601616000006.
Analysis of Storj Labs Offering
On average, firms in the Computers sector, sell 85.30% of the total offering amount. Storj Labs sold 15.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Computers industry is $130,000. The total amount raised is 15.38% bigger than the average for companies in the Computers sector. The minimum investment for this financing was set at $75000. 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 Storj Labs Also
The Form D signed by Karlena Goldman-Bates might help Storj 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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