Jumpcloud Inc., Corporation just had published form D because of $10.00 million equity financing. The date of first sale was 2015-07-28. Jumpcloud was able to fundraise $5.95 million so far. That is 59.48% of the round of financing. The total offering amount was $10.00 million. The fundraising form was filed on 2016-10-12. The reason for the financing was: Offer and Sale of Series B Preferred Stock (and the Common Stock issuable thereunder). The fundraising still has about $4.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jumpcloud is based in Colorado. The firm’s business is Other Technology. The form D was submitted by Larry Middle Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 2040 14Th Street, Suite 200, Boulder, Co, Colorado, 80302. Rajat Bhargava is the related person in the form and it has address: C/O Jumpcloud Inc., 2040 14Th Street, Suite 200, Boulder, Co, Colorado, 80302. Link to Jumpcloud Filing: 000156511316000006.
Analysis of Jumpcloud Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Jumpcloud sold 59.48% 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 total amount raised is 286.27% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Jumpcloud Also
The Form D signed by Larry Middle might help Jumpcloud 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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