Matrix Analytics Financing
Matrix Analytics, Inc., Corporation just filed form D because of $1.50 million equity and debt financing. The date of first sale was 2015-10-13. Matrix Analytics was able to finance itself with $742,500 so far. That is 49.38% of the round of financing. The total private offering amount was $1.50 million. The financing form was filed on 2016-10-12. The reason for the financing was: As of the filing date of this amendment, the company has sold $742,500 in convertible notes.. The fundraising still has about $761,040 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Matrix Analytics is based in Colorado. The firm’s business is Other Health Care. The form was filed by Christine Spraker President. The company was incorporated in 2015. The filler’s address is: 215 Ivanhoe Street, Denver, Co, Colorado, 80220. Christine Spraker is the related person in the form and it has address: 215 Ivanhoe Street, Denver, Co, Colorado, 80220. Link to Matrix Analytics Filing: 000165524216000002.
Analysis of Matrix Analytics Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering size. Matrix Analytics sold 49.38% of the offering. The financing is still open. The average investment floor size for companies in the Other Health Care industry is $1.16 million. The offering was 35.99% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this fundraising is set at $1000. 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 Matrix Analytics Also
The Form D signed by Christine Spraker might help Matrix Analytics, 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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