SEC Form D Coverage: Legoly $2.25 million Financing. Cheng Zou Released Oct 5 SEC Form

Technology Legoly, Inc. - Cheng Zou

Legoly Financing

Legoly, Inc., Corporation just filed form D for $2.25 million equity financing. This is a new filing. Legoly was able to finance itself with $2.25 million. That is 100.00% of the offering. The total private offering amount was $2.25 million. The fundraising form was filed on 2016-10-05. The reason for the financing was: unspecified.

Legoly is based in Alabama. The filler’s business is Other Technology. The form D was filed by Cheng Zou Authorized Signatory. The company was incorporated in 2016. The filler’s address is: 1754 Technology Dr Suite 242, San Jose, Ca, California, 95110. Cheng Zou is the related person in the form and it has address: 21682 Columbus Ave, Cupertino, Ca, California, 95014. Link to Legoly Filing: 000121390016017350.

Analysis of Legoly Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Legoly sold 100.00% of the offering. Could this mean that the trust in Legoly is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 46.10% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $5000. 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 Legoly Also

The Form D signed by Cheng Zou might help Legoly, 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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