Wagz, Inc., Corporation just had published form D for $1.00 million equity financing. This is a new filing. Wagz was able to finance itself with $125,000 so far. That is 12.50% of the round of financing. The total offering amount was $1.00 million. The financing form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $875,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Wagz is based in New Hampshire. The firm’s business is Other Technology. The form D was signed by Terry Anderton CEO. The company was incorporated in 2015. The filler’s address is: 51 Depot Road, Hampton Falls, Nh, New Hampshire, 03844. Terry Anderton is the related person in the form and it has address: 51 Depot Road, Hampton Falls, Nh, New Hampshire, 03844. Link to Wagz Filing: 000168710216000001.
Analysis of Wagz Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Wagz sold 12.50% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 91.88% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering is set at $25000. 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 Wagz Also
The Form D signed by Terry Anderton might help Wagz, 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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