Form D Watching: Indice Semiconductor $10.14 million Fundraising. Aaron J Brown Published Sep 29 Form D

Technology Indice Semiconductor Inc. - Aaron J Brown

Indice Semiconductor Financing

Indice Semiconductor Inc., Corporation just filed form D announcing $10.14 million equity financing. The date of first sale was 2014-09-26. Indice Semiconductor was able to fundraise $6.52 million so far. That is 64.33% of the fundraising. The total private offering amount was $10.14 million. The financing document was filed on 2016-09-29. The reason for the financing was: unspecified. The fundraising still has about $3.62 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Indice Semiconductor is based in Oregon. The filler’s business is Other Technology. The form was filed by Aaron J Brown CEO, President. The company was incorporated in 2014. The filler’s address is: 18840 Sw Boones Ferry Rd., Suite 315, Tualatin, Or, Oregon, 97062. Allen Alley is the related person in the form and it has address: 18840 Sw Boones Ferry Rd., Suite 315, Tualatin, Or, Oregon, 97062. Link to Indice Semiconductor Filing: 000161955716000004.

Analysis of Indice Semiconductor Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Indice Semiconductor sold 64.33% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 323.45% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Indice Semiconductor Also

The Form D signed by Aaron J Brown might help Indice Semiconductor 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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