Sonim Technologies Financing
Sonim Technologies Inc, Corporation just submitted form D for $10.00 million equity financing. This is a new filing. Sonim Technologies was able to sell $10.00 million. That is 100.00% of the fundraising offer. The total financing amount was $10.00 million. The offering form was filed on 2016-10-05. The reason for the financing was: unspecified.
Sonim Technologies is based in California. The filler’s business is Telecommunications. The form D was signed by Richard Long Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1825 South Grant Street, Suite 200, San Mateo, Ca, California, 94402. Richard Long is the related person in the form and it has address: C/O Sonim Technologies, Inc., 1825 South Grant Street, Suite 200, San Mateo, Ca, California, 94402. Link to Sonim Technologies Filing: 000117869716000003.
Analysis of Sonim Technologies Offering
On average, firms in the Telecommunications sector, sell 85.70% of the total offering size. Sonim Technologies sold 100.00% of the offering. Could this mean that the trust in Sonim Technologies is high? The average fundraising size for companies in the Telecommunications industry is $125,000. The total amount raised is 7,900.00% bigger than the average for companies in the Telecommunications sector. The minimum investment for this financing 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 Sonim Technologies Also
The Form D signed by Richard Long might help Sonim Technologies 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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