Form D Action: Fourkites $13.40 million Financing. Mathew Elenjickal Filed Oct 12 D Form

Technology Fourkites, Inc. - Mathew Elenjickal

Fourkites Financing

Fourkites, Inc., Corporation just released form D because of $13.40 million equity financing. This is a new filing. Fourkites was able to finance itself with $13.40 million. That is 100.00% of the fundraising offer. The total private offering amount was $13.40 million. The form was filed on 2016-10-12. The reason for the financing was: unspecified.

Fourkites is based in Illinois. The filler’s business is Other Technology. The form was signed by Mathew Elenjickal Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 150 N. Michigan Avenue, Suite 400, Chicago, Il, Illinois, 60601. Mathew Elenjickal is the related person in the form and it has address: 150 N. Michigan Avenue, Suite 400, Chicago, Il, Illinois, 60601. Link to Fourkites Filing: 000089706916001067.

Analysis of Fourkites Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Fourkites sold 100.00% of the offering. Could this mean that the trust in Fourkites is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 770.13% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $1. 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 Fourkites Also

The Form D signed by Mathew Elenjickal might help Fourkites, 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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