Jetsmarter Inc., Corporation just filed form D for $170.00 million equity financing. This is a new filing. Jetsmarter was able to fundraise $5.00 million so far. That is 2.94% of the financing round. The total financing amount was $170.00 million. The private financing document was filed on 2016-10-11. The reason for the financing was: Total Offering Amount is up to $170,000,000.. The fundraising still has about $165.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jetsmarter is based in Florida. The firm’s business is Other Technology. The form was filed by David Schubauer General Counsel. The company was incorporated in 2012. The filler’s address is: 500 E. Broward Blvd., 19Th Floor, Fort Lauderdale, Fl, Florida, 33394. Sergey Petrossov is the related person in the form and it has address: 500 E. Broward Blvd., 19Th Floor, Fort Lauderdale, Fl, Florida, 33394. Link to Jetsmarter Filing: 000168406016000001.
Analysis of Jetsmarter Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Jetsmarter sold 2.94% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 224.68% 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 Jetsmarter Also
The Form D signed by David Schubauer might help Jetsmarter 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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