Zenpayroll, Inc., Corporation just submitted form D for $90.00 million equity financing. The date of first sale was 2015-12-04. Zenpayroll was able to finance itself with $90.00 million. That is 100.00% of the fundraising. The total private offering amount was $90.00 million. The offering form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $3 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Zenpayroll is based in California. The firm’s business is Other Technology. The D form was signed by Joshua Reeves CEO. The company was incorporated in 2011. The filler’s address is: 500 3Rd Street, Suite 405, San Francisco, Ca, California, 94107. Joshua Reeves is the related person in the form and it has address: C/O Zenpayroll, Inc., 500 3Rd Street, Suite 405, San Francisco, Ca, California, 94107. Link to Zenpayroll Filing: 000163941516000005.
Analysis of Zenpayroll Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Zenpayroll sold 100.00% of the offering. The financing is still open. Could this mean that the trust in Zenpayroll is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 5,744.16% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Zenpayroll Also
The Form D signed by Joshua Reeves might help Zenpayroll, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.