Ranzure Networks Financing
Ranzure Networks, Inc., Corporation just filed form D about $13.12 million equity financing. This is a new filing. Ranzure Networks was able to finance itself with $11.12 million. That is 84.75% of the financing offer. The total private offering amount was $13.12 million. The form was filed on 2016-10-07. The reason for the financing was: Issuance of Series A Preferred Stock by cash and conversion of convertible notes.. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ranzure Networks is based in Texas. The firm’s business is Other Technology. The form was submitted by Pardeep Kohli President and Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 1651 N. Glenville Dr., Ste 214, Richardson, Tx, Texas, 75081. Pardeep Kohli is the related person in the form and it has address: 1651 N. Glenville Dr., Suite 214, Richardson, Tx, Texas, 75081. Link to Ranzure Networks Filing: 000167653116000003.
Analysis of Ranzure Networks Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Ranzure Networks sold 84.75% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 621.83% bigger than the average for companies in the Other Technology sector. 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 Ranzure Networks Also
The Form D signed by Pardeep Kohli might help Ranzure Networks, 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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