Form D Alert: Sequitur Labs $1.20 million Financing. Henrietta Rutten Released Oct 13 Filing

Technology Sequitur Labs Inc. - Henrietta Rutten

Sequitur Labs Financing

Sequitur Labs Inc., Corporation just submitted form D about $1.20 million equity financing. This is a new filing. Sequitur Labs was able to fundraise $450,000 so far. That is 37.50% of the offering. The total offering amount was $1.20 million. The private financing document was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $750,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Sequitur Labs is based in Washington. The company’s business is Other Technology. The SEC form was submitted by Henrietta Rutten Secretary. The company was incorporated more than five years ago. The filler’s address is: 33404 Se Redmond-Fall City Road, Suite 210, Fall City, Wa, Washington, 98024. Philip Attfield is the related person in the form and it has address: Po Box 1236, Issaquah, Wa, Washington, 98027. Link to Sequitur Labs Filing: 000159140816000028.

Analysis of Sequitur Labs Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Sequitur Labs sold 37.50% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 70.78% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering is 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 Sequitur Labs Also

The Form D signed by Henrietta Rutten might help Sequitur Labs 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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