Sharegrid, Inc., Corporation just submitted form D regarding $950,000 equity financing. This is a new filing. Sharegrid was able to sell $950,000. That is 100.00% of the round of financing. The total fundraising amount was $950,000. The financing form was filed on 2016-07-12. The reason for the financing was: unspecified.
Sharegrid is based in Washington. The firm’s business is Other Technology. The D form was submitted by Arash Shiva CEO. The company was incorporated in 2014. The filler’s address is: 10015 Lake City Way Ne, Suite 205, Seattle, Wa, Washington, 98125. Arash Shiva is the related person in the form and it has address: 10015 Lake City Way Ne, Suite 205, Seattle, Wa, Washington, 98125. Link to Sharegrid Filing: 000167920316000001.
Analysis of Sharegrid Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Sharegrid sold 100.00% of the offering. Could this mean that the trust in Sharegrid is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 38.31% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms get financed 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 Sharegrid Also
The Form D signed by Arash Shiva might help Sharegrid, 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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