Form D Don’t Lie: Entefy $15.00 million Financing. Alston Ghafourifar Filed Jul 11 Form D

Technology Entefy Inc. - Alston Ghafourifar

Entefy Financing

Entefy Inc., Corporation just released form D for $15.00 million debt financing. This is a new filing. Entefy was able to finance itself with $3.12 million so far. That is 20.77% of the fundraising. The total financing amount was $15.00 million. The financing document was filed on 2016-07-11. The reason for the financing was: Total remaining to be sold over multiple closings.. The fundraising still has about $11.89 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Entefy is based in California. The filler’s business is Other Technology. The form D was filed by Alston Ghafourifar President and CEO. The company was incorporated in 2012. The filler’s address is: 390 Cambridge Avenue, Palo Alto, Ca, California, 94306. Alston Ghafourifar is the related person in the form and it has address: C/O Entefy Inc., 390 Cambridge Avenue, Palo Alto, Ca, California, 94306. Link to Entefy Filing: 000155079616000003.

Analysis of Entefy Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Entefy sold 20.77% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 102.27% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Entefy Also

The Form D signed by Alston Ghafourifar might help Entefy 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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