Form D Watching: Hypr $3.00 million Financing. George Avetisov Published Oct 14 form D

Technology Hypr Corp. - George Avetisov

Hypr Financing

Hypr Corp., Corporation just filed form D about $3.00 million equity financing. This is a new filing. Hypr was able to fundraise $3.00 million. That is 100.00% of the fundraising. The total private financing amount was $3.00 million. The financing document was filed on 2016-10-14. The reason for the financing was: unspecified.

Hypr is based in New York. The filler’s business is Other Technology. The form D was signed by George Avetisov CEO. The company was incorporated in 2014. The filler’s address is: 45 West 34Th Street, Suite 710, New York, Ny, New York, 10001. George Avetisov is the related person in the form and it has address: 45 West 34Th Street, Suite 710, New York, Ny, New York, 10001. Link to Hypr Filing: 000161699416000004.

Analysis of Hypr Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Hypr sold 100.00% of the offering. Could this mean that the trust in Hypr is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 94.81% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $1. 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 Hypr Also

The Form D signed by George Avetisov might help Hypr Corp.’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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