Form D Flow: Domo $6.28 million Financing. Daniel E Stevenson Submitted Oct 13 SEC Filing

Technology Domo, Inc. - Daniel E Stevenson

Domo Financing

Domo, Inc., Corporation just released form D about $6.28 million equity financing. This is a new filing. Domo was able to fundraise $6.28 million. That is 100.00% of the round of financing. The total offering amount was $6.28 million. The fundraising form was filed on 2016-10-13. The reason for the financing was: unspecified.

Domo is based in Utah. The firm’s business is Other Technology. The SEC form was submitted by Daniel E Stevenson General Counsel and Secretary. The company was incorporated more than five years ago. The filler’s address is: 772 East Utah Valley Drive, American Fork, Ut, Utah, 84003. Joshua James is the related person in the form and it has address: 772 East Utah Valley Drive, American Fork, Ut, Utah, 84003. Link to Domo Filing: 000150595216000003.

Analysis of Domo Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Domo sold 100.00% of the offering. Could this mean that the trust in Domo is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 307.94% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Domo Also

The Form D signed by Daniel E Stevenson might help Domo, 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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