Metergenius, Inc., Corporation just filed form D regarding $400,000 equity financing. This is a new filing. Metergenius was able to sell $100,000 so far. That is 25.00% of the financing round. The total financing amount was $400,000. The private financing document was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Metergenius is based in Alabama. The company’s business is Other Technology. The form was filed by Ty Benefiel President. The company was incorporated in 2014. The filler’s address is: 5621 Indianola Ave., Indianapolis, In, Indiana, 46220. Ty Benefiel is the related person in the form and it has address: 5621 Indianola Ave., Indianapolis, In, Indiana, 46220. Link to Metergenius Filing: 000167937016000001.
Analysis of Metergenius Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Metergenius sold 25.00% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 93.51% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms get financed for different needs and reasons. The minimum investment for this fundraising was 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 Metergenius Also
The Form D signed by Ty Benefiel might help Metergenius, 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.