Today’s Form D On Watch: Trucker Tools $500000 Financing. Prasad Gollapalli Released Oct 6 Filing

Technology Trucker Tools, Llc - Prasad Gollapalli

Trucker Tools Financing

Trucker Tools, Llc, Limited Liability Company just had published form D announcing $500,000 equity financing. This is a new filing. Trucker Tools was able to finance itself with $500,000. That is 100.00% of the financing round. The total private offering amount was $500,000. The fundraising form was filed on 2016-10-06. The reason for the financing was: unspecified.

Trucker Tools is based in Virginia. The filler’s business is Other Technology. The form was signed by Prasad Gollapalli CEO. The company was incorporated more than five years ago. The filler’s address is: 11710 Plaza America Drive, Suite 2000, Reston, Va, Virginia, 20190. Prasad Gollapalli is the related person in the form and it has address: 11710 Plaza America Drive, Suite 2000, Reston, Va, Virginia, 20190. Link to Trucker Tools Filing: 000168686716000001.

Analysis of Trucker Tools Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Trucker Tools sold 100.00% of the offering. Could this mean that the trust in Trucker Tools is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 67.53% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for different needs and reasons. The minimum investment for this financing was set at $100000. 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 Trucker Tools Also

The Form D signed by Prasad Gollapalli might help Trucker Tools, Llc’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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