Pushd, Inc., Corporation just released form D regarding $6.00 million equity financing. This is a new filing. Pushd was able to fundraise $6.00 million. That is 100.00% of the round of financing. The total fundraising amount was $6.00 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified.
Pushd is based in California. The filler’s business is Other Technology. The form D was filed by Abdur Chowdhury Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 177 Townsend St., Suite 135, San Francisco, Ca, California, 94107. Abdur Chowdhury is the related person in the form and it has address: 177 Townsend St., Suite 135, San Francisco, Ca, California, 94107. Link to Pushd Filing: 000155167916000002.
Analysis of Pushd Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Pushd sold 100.00% of the offering. Could this mean that the trust in Pushd is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 289.61% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $0. 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 Pushd Also
The Form D signed by Abdur Chowdhury might help Pushd, 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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