Realync Corp., Corporation just released form D about $1.07 million equity financing. The date of first sale was 2016-09-27. Realync was able to sell $1.07 million. That is 100.00% of the financing round. The total financing amount was $1.07 million. The private financing document was filed on 2016-10-12. The reason for the financing was: unspecified.
Realync is based in Illinois. The filler’s business is Other Technology. The form D was filed by Matthew Weirich Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 1710 N. Shoal Terrace, Vernon Hills, Il, Illinois, 60661. Matthew Weirich is the related person in the form and it has address: C/O Realync Corp., 1710 Shoal Creek Terrace, Vernon Hills, Il, Illinois, 60016. Link to Realync Filing: 000168411416000002.
Analysis of Realync Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Realync sold 100.00% of the offering. Could this mean that the trust in Realync is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 30.84% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this financing is 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 Realync Also
The Form D signed by Matthew Weirich might help Realync Corp.’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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