Form D Watching: Metrodigi $8.89 million Financing. Kathryn Stewart Released Oct 13 D Filing

Technology Metrodigi, Inc. - Kathryn Stewart

Metrodigi Financing

Metrodigi, Inc., Corporation just filed form D announcing $8.89 million equity financing. This is a new filing. Metrodigi was able to fundraise $540,013 so far. That is 6.08% of the fundraising. The total fundraising amount was $8.89 million. The offering form was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $8.35 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Metrodigi is based in Alabama. The firm’s business is Other Technology. The form was filed by Kathryn Stewart Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 125 East Sir Francis Drake Blvd., Ste 20, Larkspur, Ca, California, 94939. Kathryn Stewart is the related person in the form and it has address: 125 East Sir Francis Drake Blvd., Suite 200, Larkspur, Ca, California, 94939. Link to Metrodigi Filing: 000162064116000003.

Analysis of Metrodigi Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Metrodigi sold 6.08% 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 64.93% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for different needs and reasons. The minimum investment for this fundraising is set at $10000. 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 Metrodigi Also

The Form D signed by Kathryn Stewart might help Metrodigi, 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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