Idss Holdings Financing
Idss Holdings, Inc., Corporation just released form D announcing $6.00 million equity financing. This is a new filing. Idss Holdings was able to fundraise $2.89 million so far. That is 48.09% of the financing round. The total financing amount was $6.00 million. The form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $3.11 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Idss Holdings is based in New York. The filler’s business is Other Technology. The SEC form was filed by Joseph S Paresi President and Chief Executive Officer of the Issuer. The company was incorporated in 2012. The filler’s address is: 430 Bedford Road, Suite 204, Armonk, Ny, New York, 10504. Joseph S. Paresi is the related person in the form and it has address: C/O Idss Holdings, Inc., 430 Bedford Road, Suite 204, Armonk, Ny, New York, 10504. Link to Idss Holdings Filing: 000114036116082313.
Analysis of Idss Holdings Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Idss Holdings sold 48.09% 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 87.36% 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 Idss Holdings Also
The Form D signed by Joseph S Paresi might help Idss 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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