Form D Summary: Sigora International $649706 Financing. Andy Bogdan Bindea Released Oct 12 Form D

Energy Sigora International Inc. - Andy Bogdan Bindea

Sigora International Financing

Sigora International Inc., Corporation just submitted form D announcing $649,706 equity financing. This is a new filing. Sigora International was able to sell $649,706. That is 100.00% of the fundraising offer. The total fundraising amount was $649,706. This form was filed on 2016-10-12. The reason for the financing was: unspecified.

Sigora International is based in Alabama. The filler’s business is Other Energy. The form D was submitted by Andy Bogdan Bindea President and CEO. The company was incorporated in 2015. The filler’s address is: 292 Race Ave, Bldg 3, Waynesboro, Va, Virginia, 22980. Andy Bogdan Bindea is the related person in the form and it has address: 292 Race Ave, Bldg 3, Waynesboro, Va, Virginia, 22980. Link to Sigora International Filing: 000165444516000004.

Analysis of Sigora International Offering

On average, startups in the Other Energy sector, sell 65.00% of the total offering size. Sigora International sold 100.00% of the offering. Could this mean that the trust in Sigora International is high? The average investment floor size for companies in the Other Energy industry is $1.11 million. The offering was 41.31% smaller than the average of $1.11 million. Of course this should not be interpreted as negative. Startups get financed for different needs and reasons. The minimum investment for this fundraising was set at $50000. 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 Sigora International Also

The Form D signed by Andy Bogdan Bindea might help Sigora International 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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