7Ac Technologies Financing
7Ac Technologies, Inc., Corporation just filed form D because of $13.23 million equity financing. This is a new filing. 7Ac Technologies was able to finance itself with $6.25 million so far. That is 47.24% of the fundraising. The total private offering amount was $13.23 million. The offering form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $6.98 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
7Ac Technologies is based in Massachusetts. The filler’s business is Other Technology. The form D was filed by Jed Swan President. The company was incorporated more than five years ago. The filler’s address is: 100 Cummings Center, Suite 265G, Beverly, Ma, Massachusetts, 01915. Jed Swan is the related person in the form and it has address: 100 Cummings Center, Suite 265G, Beverly, Ma, Massachusetts, 01915. Link to 7Ac Technologies Filing: 000153006016000003.
Analysis of 7Ac Technologies Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. 7Ac Technologies sold 47.24% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 305.84% 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 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 7Ac Technologies Also
The Form D signed by Jed Swan might help 7Ac Technologies, 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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