Ovuline, Inc., Corporation just had published form D about $10.00 million equity financing. This is a new filing. Ovuline was able to fundraise $9.75 million. That is 97.50% of the round of financing. The total fundraising amount was $10.00 million. The financing document was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ovuline is based in Massachusetts. The company’s business is Other Technology. The SEC form was filed by Paris Wallace Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 76 Summer Street, 3Rd Floor, Boston, Ma, Massachusetts, 02110. Paris Wallace is the related person in the form and it has address: 76 Summer Street, 3Rd Floor, Boston, Ma, Massachusetts, 02110. Link to Ovuline Filing: 000156553216000003.
Analysis of Ovuline Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Ovuline sold 97.50% of the offering. The fundraising is still open. Could this mean that the trust in Ovuline is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 533.25% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $0. 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 Ovuline Also
The Form D signed by Paris Wallace might help Ovuline, 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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