Noteworthy Form D Filing: Wave Insurance Technologies $5.00 million Fundraising. Paul Voorheis Filed Oct 13 Form D


Technology Wave Insurance Technologies, Inc. - Paul Voorheis

Wave Insurance Technologies Financing

Wave Insurance Technologies, Inc., Corporation just had published form D for $5.00 million equity financing. This is a new filing. Wave Insurance Technologies was able to fundraise $1.78 million so far. That is 35.50% of the fundraising. The total financing amount was $5.00 million. The private financing document was filed on 2016-10-13. The reason for the financing was: Executive Salary. The fundraising still has about $3.23 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Wave Insurance Technologies is based in Texas. The company’s business is Other Technology. The SEC form was submitted by Paul Voorheis CFO. The company was incorporated in 2014. The filler’s address is: 2828 N Harwood St #1700, Dallas, Tx, Texas, 75201. Paul Marco Voorheis is the related person in the form and it has address: 2828 N. Harwood Street #1700, Dallas, Tx, Texas, 75201. Link to Wave Insurance Technologies Filing: 000163104216000003.

Analysis of Wave Insurance Technologies Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Wave Insurance Technologies sold 35.50% of the offering. The fundraising is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 15.26% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $25000. 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 Wave Insurance Technologies Also

The Form D signed by Paul Voorheis might help Wave Insurance Technologies, 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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