Red Point Positioning Financing
Red Point Positioning Corp, Corporation just submitted form D about $5.50 million equity financing. This is a new filing. Red Point Positioning was able to sell $2.40 million so far. That is 43.64% of the financing offer. The total private financing amount was $5.50 million. This form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $3.10 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Red Point Positioning is based in Massachusetts. The company’s business is Other Technology. The D form was signed by Antti Korhonen Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 288 Norfolk Street, 3Rd Floor, Cambridge, Ma, Massachusetts, 02139. Antti Korhonen is the related person in the form and it has address: 288 Norfolk Street, 3Rd Floor, Cambridge, Ma, Massachusetts, 02139. Link to Red Point Positioning Filing: 000089706916001063.
Analysis of Red Point Positioning Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Red Point Positioning sold 43.64% of the offering. The fundraising is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 55.84% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $500000. 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 Red Point Positioning Also
The Form D signed by Antti Korhonen might help Red Point Positioning Corp’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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