Fastbar Technologies Financing
Fastbar Technologies Inc., Corporation just released form D about $500,000 debt financing. The date of first sale was 2015-01-27. Fastbar Technologies was able to fundraise $275,000 so far. That is 55.00% of the financing round. The total fundraising amount was $500,000. The financing document was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $225,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fastbar Technologies is based in Alabama. The company’s business is Other Technology. The form was submitted by Brenton Webster President. The company was incorporated in 2014. The filler’s address is: 605 First Avenue, Suite 220, Seattle, Wa, Washington, 98104. Brenton Webster is the related person in the form and it has address: 605 First Avenue, Suite 220, Seattle, Wa, Washington, 98104. Link to Fastbar Technologies Filing: 000161954016000002.
Analysis of Fastbar Technologies Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Fastbar Technologies sold 55.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 82.14% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for different reasons and needs. The minimum investment for this offering 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 Fastbar Technologies Also
The Form D signed by Brenton Webster might help Fastbar 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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