Important Form D Filing: Formation Data Systems $20.00 million Fundraising. Eric Chan Released Jul 11 SEC form


Technology Formation Data Systems, Inc. - Eric Chan

Formation Data Systems Financing

Formation Data Systems, Inc., Corporation just filed form D because of $20.00 million equity financing. This is a new filing. Formation Data Systems was able to finance itself with $6.00 million so far. That is 30.00% of the fundraising. The total private offering amount was $20.00 million. The form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $14.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Formation Data Systems is based in California. The firm’s business is Other Technology. The D form was signed by Eric Chan Chief Financial Officer. The company was incorporated in 2012. The filler’s address is: 39141 Civic Center Blvd., Suite 410, Fremont, Ca, California, 94538-5818. Mark Lewis is the related person in the form and it has address: C/O Formation Data Systems, Inc., 39141 Civic Center Drive, Suite 410, Fremont, Ca, California, 94538. Link to Formation Data Systems Filing: 000130128316000004.

Analysis of Formation Data Systems Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Formation Data Systems sold 30.00% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 289.62% bigger than the average for companies in the Other Technology sector. 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 Formation Data Systems Also

The Form D signed by Eric Chan might help Formation Data Systems, 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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