New Sapience Financing
New Sapience, Inc., Corporation just released form D announcing $616,000 equity financing. This is a new filing. New Sapience was able to finance itself with $616,000. That is 100.00% of the fundraising offer. The total fundraising amount was $616,000. The offering form was filed on 2016-09-30. The reason for the financing was: unspecified.
New Sapience is based in Maryland. The company’s business is Other Technology. The form D was signed by Sean Reineke Chief Executive Officer and President. The company was incorporated in 2015. The filler’s address is: 1001 Fell Street, Slip #12, Baltimore, Md, Maryland, 21231. Sean Reineke is the related person in the form and it has address: 1001 Fell Street, Slip #12, Baltimore, Md, Maryland, 21231. Link to New Sapience Filing: 000168389216000001.
Analysis of New Sapience Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. New Sapience sold 100.00% of the offering. Could this mean that the trust in New Sapience is high? The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 60.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this fundraising was set at $5000. 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 New Sapience Also
The Form D signed by Sean Reineke might help New Sapience, 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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