Form D Watching: Internmatch $500000 Fundraising. Andrew Maguire Filed Oct 6 Form D


Technology Internmatch, Inc. - Andrew Maguire

Internmatch Financing

Internmatch, Inc., Corporation just had published form D regarding $500,000 debt financing. This is a new filing. Internmatch was able to sell $364,610 so far. That is 72.92% of the fundraising offer. The total offering amount was $500,000. The financing document was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $135,390 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Internmatch is based in California. The filler’s business is Other Technology. The form D was submitted by Andrew Maguire President & CEO. The company was incorporated more than five years ago. The filler’s address is: 425 2Nd St, Suite 201, San Francisco, Ca, California, 94107. Andrew Maguire is the related person in the form and it has address: C/O Internmatch, Inc., 425 2Nd St, Ste 201, San Francisco, Ca, California, 94107. Link to Internmatch Filing: 000146751816000003.

Analysis of Internmatch Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Internmatch sold 72.92% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 76.32% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups raise funds for different reasons and needs. The minimum investment for this fundraising is set at $0. 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 Internmatch Also

The Form D signed by Andrew Maguire might help Internmatch, 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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