Newest Form D Filing: Trackr $753204 Fundraising. Chris Herbert Filed Oct 12 Form D

Technology Trackr, Inc. - Chris Herbert

Trackr Financing

Trackr, Inc., Corporation just had published form D about $753,204 equity financing. This is a new filing. Trackr was able to fundraise $753,204. That is 100.00% of the financing round. The total fundraising amount was $753,204. The form was filed on 2016-10-12. The reason for the financing was: Series A Follow-On Offering.

Trackr is based in California. The filler’s business is Other Technology. The form was signed by Chris Herbert CEO. The company was incorporated in 2014. The filler’s address is: 19 West Carrillo Street, Santa Barbara, Ca, California, 93101. Chris Herbert is the related person in the form and it has address: 19 West Carrillo Street, Santa Barbara, Ca, California, 93101. Link to Trackr Filing: 000114036116082618.

Analysis of Trackr Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Trackr sold 100.00% of the offering. Could this mean that the trust in Trackr is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 51.09% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this financing was set at $1. 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 Trackr Also

The Form D signed by Chris Herbert might help Trackr, 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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