Higher Logic Financing
Higher Logic, Llc, Limited Liability Company just released form D announcing $55.00 million equity financing. This is a new filing. Higher Logic was able to finance itself with $55.00 million. That is 100.00% of the fundraising. The total private offering amount was $55.00 million. This form was filed on 2016-10-12. The reason for the financing was: unspecified.
Higher Logic is based in Virginia. The company’s business is Other Technology. The SEC form was submitted by Robert A Wenger Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 1600 Wilson Boulevard, Suite 400, Arlington, Va, Virginia, 22209. Robert A. Wenger is the related person in the form and it has address: 1600 Wilson Boulevard, Suite 400, Arlington, Va, Virginia, 22209. Link to Higher Logic Filing: 000168724716000001.
Analysis of Higher Logic Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Higher Logic sold 100.00% of the offering. Could this mean that the trust in Higher Logic is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 3,471.43% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Higher Logic Also
The Form D signed by Robert A Wenger might help Higher Logic, Llc’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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