Modo Labs Financing
Modo Labs, Inc., Corporation just had published form D about $10.40 million equity financing. This is a new filing. Modo Labs was able to sell $10.40 million. That is 100.00% of the offering. The total private offering amount was $10.40 million. This form was filed on 2016-07-12. The reason for the financing was: unspecified.
Modo Labs is based in Massachusetts. The filler’s business is Other Technology. The SEC form was filed by Stewart Elliot Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 100 Cambridgepark Drive, Suite 200, Cambridge, Ma, Massachusetts, 02140. Andrew Yu is the related person in the form and it has address: C/O Modo Labs, Inc., 100 Cambridgepark Drive, Suite 200, Cambridge, Ma, Massachusetts, 02140. Link to Modo Labs Filing: 000149137816000003.
Analysis of Modo Labs Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Modo Labs sold 100.00% of the offering. Could this mean that the trust in Modo Labs is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 575.47% 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 Modo Labs Also
The Form D signed by Stewart Elliot might help Modo Labs, 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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