Tout Inc., Corporation just filed form D for $26.62 million equity financing. This is a new filing. Tout was able to fundraise $26.62 million. That is 100.00% of the fundraising offer. The total fundraising amount was $26.62 million. The financing form was filed on 2016-10-10. The reason for the financing was: Compensation for sales commission is in the form of equity in the issuer..
Tout is based in California. The firm’s business is Other Technology. The D form was signed by Michael Downing CEO. The company was incorporated more than five years ago. The filler’s address is: 528 Folsom Street, San Francisco, Ca, California, 94105. Michael Downing is the related person in the form and it has address: 528 Folsom Street, San Francisco, Ca, California, 94105. Link to Tout Filing: 000150723016000001.
Analysis of Tout Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Tout sold 100.00% of the offering. Could this mean that the trust in Tout is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,628.65% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Tout Also
The Form D signed by Michael Downing might help Tout 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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