Receptiviti Inc., Corporation just had published form D regarding $750,000 debt financing. This is a new filing. Receptiviti was able to sell $300,000 so far. That is 40.00% of the offering. The total financing amount was $750,000. The form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $450,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Receptiviti is based in Ontario – Canada. The company’s business is Other Technology. The D form was signed by Jonathan Kreindler Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: Mars Commons, Suite 230, 101 College St, Toronto, A6, Ontario, Canada, M5g 1L7. Jonathan Kreindler is the related person in the form and it has address: Mars Commons, Suite 230, 101 College St, Toronto, A6, Ontario, Canada, M5g 1L7. Link to Receptiviti Filing: 000114036116082454.
Analysis of Receptiviti Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Receptiviti sold 40.00% of the offering. The fundraising is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 80.52% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering was set at $0. If you know more about the reasons for the financing, 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 Receptiviti Also
The Form D signed by Jonathan Kreindler might help Receptiviti 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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