Caliber Ux Financing
Caliber Ux, Inc., Corporation just submitted form D announcing $1.20 million debt financing. This is a new filing. Caliber Ux was able to finance itself with $1.05 million. That is 87.08% of the round of financing. The total private financing amount was $1.20 million. The private financing document was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $155,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Caliber Ux is based in Colorado. The company’s business is Other Technology. The SEC form was signed by Raviv Turner Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 2000 Central Avenue, Boulder, Co, Colorado, 80301. Raviv Turner is the related person in the form and it has address: 2000 Central Avenue, Boulder, Co, Colorado, 80301. Link to Caliber Ux Filing: 000168700616000001.
Analysis of Caliber Ux Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Caliber Ux sold 87.08% of the offering. The financing is still open. Could this mean that the trust in Caliber Ux is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 32.14% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for different needs and reasons. The minimum investment for this fundraising is set at $0. 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 Caliber Ux Also
The Form D signed by Raviv Turner might help Caliber Ux, 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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