Kilowatt Labs Financing
Kilowatt Labs, Inc., Corporation just had published form D for $2.00 million equity financing. This is a new filing. Kilowatt Labs was able to sell $2.00 million. That is 100.00% of the round of financing. The total financing amount was $2.00 million. The fundraising form was filed on 2016-10-12. The reason for the financing was: unspecified.
Kilowatt Labs is based in Alabama. The filler’s business is Other Energy. The form D was submitted by Larry Seibert President. The company was incorporated in 2015. The filler’s address is: 230 Central Park W, Apt 2D, New York, Ny, New York, 10024. Larry Seibert is the related person in the form and it has address: 230 Central Park W, Apt 2D, New York, Ny, New York, 10024. Link to Kilowatt Labs Filing: 000167000316000001.
Analysis of Kilowatt Labs Offering
On average, startups in the Other Energy sector, sell 65.00% of the total offering amount. Kilowatt Labs sold 100.00% of the offering. Could this mean that the trust in Kilowatt Labs is high? The average investment size for companies in the Other Energy industry is $1.11 million. The total amount raised is 80.67% bigger than the average for companies in the Other Energy sector. The minimum investment for this financing is 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 Kilowatt Labs Also
The Form D signed by Larry Seibert might help Kilowatt Labs, 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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