Swipesense, Inc., Corporation just filed form D about $4.00 million debt financing. This is a new filing. Swipesense was able to finance itself with $4.00 million. That is 100.00% of the financing round. The total fundraising amount was $4.00 million. This form was filed on 2016-07-11. The reason for the financing was: unspecified.
Swipesense is based in Illinois. The firm’s business is Other Technology. The form was signed by Mert Iseri CEO. The company was incorporated in 2011. The filler’s address is: 4619 N. Ravenswood, Ste. 202, Chicago, Il, Illinois, 60640. Mert Iseri is the related person in the form and it has address: C/O Swipesense, Inc., 4619 N. Ravenswood Ave #202, Chicago, Il, Illinois, 60640. Link to Swipesense Filing: 000155886316000004.
Analysis of Swipesense Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Swipesense sold 100.00% of the offering. Could this mean that the trust in Swipesense is high? The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 159.74% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Swipesense Also
The Form D signed by Mert Iseri might help Swipesense, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.