Upload, Inc., Corporation just had published form D announcing $5.00 million equity financing. This is a new filing. Upload was able to sell $3.00 million so far. That is 59.94% of the financing offer. The total financing amount was $5.00 million. The form was filed on 2016-10-07. The reason for the financing was: unspecified. 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.
Upload is based in Japan. The firm’s business is Other Technology. The D form was filed by Taylor Freeman Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 1535 Mission Street, San Francisco, Ca, California, 94103. William Mason is the related person in the form and it has address: 1535 Mission Street, San Francisco, Ca, California, 94103. Link to Upload Filing: 000164746316000003.
Analysis of Upload Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Upload sold 59.94% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 94.81% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Upload Also
The Form D signed by Taylor Freeman might help Upload, 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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