Omnivor Inc., Corporation just submitted form D about $1.22 million equity financing. This is a new filing. Omnivor was able to finance itself with $1.22 million. That is 100.00% of the fundraising offer. The total private offering amount was $1.22 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified.
Omnivor is based in Alabama. The filler’s business is Other Technology. The D form was filed by Amit Mital President and CEO. The company was incorporated in 2016. The filler’s address is: Fluke Hall, 4000 Mason Road, Suite 300, Seattle, Wa, Washington, 98195. Amit Mital is the related person in the form and it has address: C/O Fluke Hall 4000 Mason Rd Ste 300, Seattle, Wa, Washington, 98195. Link to Omnivor Filing: 000168731116000001.
Analysis of Omnivor Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Omnivor sold 100.00% of the offering. Could this mean that the trust in Omnivor is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 20.78% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different reasons and needs. The minimum investment for this offering 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 Omnivor Also
The Form D signed by Amit Mital might help Omnivor 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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