Zoox, Inc., Corporation just had published form D because of $50.00 million equity financing. This is a new filing. Zoox was able to sell $50.00 million. That is 100.00% of the financing offer. The total fundraising amount was $50.00 million. The financing document was filed on 2016-10-07. The reason for the financing was: unspecified.
Zoox is based in California. The filler’s business is Other Technology. The form was signed by JON FOSTER CHIEF FINANCIAL OFFICER. The company was incorporated in 2014. The filler’s address is: 325 Sharon Park Dr., #909, Menlo Park, Ca, California, 94025. Tim Kentley-Klay is the related person in the form and it has address: 325 Sharon Park Dr. #909, Menlo Park, Ca, California, 94025. Link to Zoox Filing: 000167594916000003.
Analysis of Zoox Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Zoox sold 100.00% of the offering. Could this mean that the trust in Zoox is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 3,146.75% 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 Zoox Also
The Form D signed by JON FOSTER might help Zoox, 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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