Cyber Adapt Financing
Cyber Adapt, Inc., Corporation just filed form D about $269,915 equity financing. This is a new filing. Cyber Adapt was able to fundraise $269,915. That is 100.00% of the round of financing. The total private financing amount was $269,915. The fundraising form was filed on 2016-07-10. The reason for the financing was: unspecified.
Cyber Adapt is based in California. The company’s business is Other Technology. The SEC form was filed by J Kirsten Bay Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 337 Mirada Rd., Half Moon Bay, Ca, California, 94019. J. Kirsten Bay is the related person in the form and it has address: 337 Mirada Road, Half Moon Bay, Ca, California, 94019. Link to Cyber Adapt Filing: 000164243616000003.
Analysis of Cyber Adapt Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Cyber Adapt sold 100.00% of the offering. Could this mean that the trust in Cyber Adapt is high? The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 82.47% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies raise funds for different needs and reasons. The minimum investment for this offering 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 Cyber Adapt Also
The Form D signed by J Kirsten Bay might help Cyber Adapt, 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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