Optimus Ride Financing
Optimus Ride Inc., Corporation just had published form D about $4.25 million equity financing. This is a new filing. Optimus Ride was able to finance itself with $4.25 million. That is 100.00% of the fundraising offer. The total fundraising amount was $4.25 million. The offering form was filed on 2016-10-07. The reason for the financing was: unspecified.
Optimus Ride is based in Massachusetts. The company’s business is Other Technology. The form D was filed by Sertac Karaman President. The company was incorporated in 2015. The filler’s address is: 485 Massachusetts Ave., Suite 302, Cambridge, Ma, Massachusetts, 02139. Jenny Larios Berlin is the related person in the form and it has address: 485 Massachusetts Ave., Suite 302, Cambridge, Ma, Massachusetts, 02139. Link to Optimus Ride Filing: 000165617016000003.
Analysis of Optimus Ride Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Optimus Ride sold 100.00% of the offering. Could this mean that the trust in Optimus Ride is high? The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 175.97% 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 Optimus Ride Also
The Form D signed by Sertac Karaman might help Optimus Ride 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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