Cartogram Inc., Corporation just submitted form D announcing $1.00 million equity financing. The date of first sale was 2016-06-24. Cartogram was able to fundraise $165,000 so far. That is 16.50% of the financing round. The total private offering amount was $1.00 million. The financing form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $835,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cartogram is based in Washington. The company’s business is Other Technology. The D form was filed by William Stryker Clausen CEO. The company was incorporated in 2014. The filler’s address is: 204 10Th Ave, Kirkland, Wa, Washington, 98033. William Stryker Clausen is the related person in the form and it has address: 218 Main St. #980, Kirkland, Wa, Washington, 98033. Link to Cartogram Filing: 000165153916000007.
Analysis of Cartogram Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Cartogram sold 16.50% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 89.29% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this financing was set at $20000. 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 Cartogram Also
The Form D signed by William Stryker Clausen might help Cartogram 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.