Zylo, Inc., Corporation just released form D announcing $3.38 million equity financing. This is a new filing. Zylo was able to sell $3.38 million. That is 100.00% of the fundraising. The total private financing amount was $3.38 million. The financing document was filed on 2016-10-14. The reason for the financing was: unspecified.
Zylo is based in Indiana. The firm’s business is Other Technology. The form was filed by Eric Christopher CEO. The company was incorporated in 2016. The filler’s address is: 55 Monument Circle, 14Th Floor, Indianapolis, In, Indiana, 46204. Eric Christopher is the related person in the form and it has address: 55 Monument Circle, 14Th Floor, Indianapolis, In, Indiana, 46204. Link to Zylo Filing: 000167968516000002.
Analysis of Zylo Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Zylo sold 100.00% of the offering. Could this mean that the trust in Zylo is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 119.80% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was 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 Zylo Also
The Form D signed by Eric Christopher might help Zylo, 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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