Spideroak, Inc., Corporation just released form D regarding $1.25 million equity financing. This is a new filing. Spideroak was able to sell $750,000 so far. That is 60.00% of the offering. The total offering amount was $1.25 million. The fundraising form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Spideroak is based in Missouri. The firm’s business is Other Technology. The D form was signed by Alan Fairless Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 4741 Central Street, Unit 324, Kansas City, Mo, Missouri, 64112. Alan Fairless is the related person in the form and it has address: 4741 Central Street, Unit 324, Kansas City, Mo, Missouri, 64112. Link to Spideroak Filing: 000158258816000003.
Analysis of Spideroak Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Spideroak sold 60.00% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 51.30% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this offering is 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 Spideroak Also
The Form D signed by Alan Fairless might help Spideroak, 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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