Simpro Holdings Financing
Simpro Holdings, Inc., Corporation just submitted form D regarding $30.54 million equity financing. This is a new filing. Simpro Holdings was able to finance itself with $30.54 million. That is 100.00% of the fundraising offer. The total fundraising amount was $30.54 million. The fundraising form was filed on 2016-10-07. The reason for the financing was: unspecified.
Simpro Holdings is based in New York. The company’s business is Other Technology. The D form was filed by Bradley Couper President. The company was incorporated in 2016. The filler’s address is: 3100 Arapahoe Avenue, Suite 500A, Boulder, Co, Colorado, 80303. Bradley Couper is the related person in the form and it has address: 3100 Arapahoe Avenue, Suite 500A, Boulder, Co, Colorado, 80303. Link to Simpro Holdings Filing: 000168702016000001.
Analysis of Simpro Holdings Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Simpro Holdings sold 100.00% of the offering. Could this mean that the trust in Simpro Holdings is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,883.38% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is 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 Simpro Holdings Also
The Form D signed by Bradley Couper might help Simpro Holdings, 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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