Ivedix, Inc., Corporation just had published form D because of $5.00 million equity financing. This is a new filing. Ivedix was able to finance itself with $150,000 so far. That is 3.00% of the fundraising. The total fundraising amount was $5.00 million. The offering form was filed on 2016-07-06. The reason for the financing was: unspecified. The fundraising still has about $4.85 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ivedix is based in New York. The firm’s business is Other Technology. The form was submitted by Martin G Glavin President. The company was incorporated more than five years ago. The filler’s address is: 11 Schoen Place, 5Th Floor, Pittsford, Ny, New York, 14534. Rajesh Kutty is the related person in the form and it has address: 11 Schoen Place, 5Th Floor, Pittsford, Ny, New York, 14534. Link to Ivedix Filing: 000158715816000003.
Analysis of Ivedix Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Ivedix sold 3.00% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 90.26% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. 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 Ivedix Also
The Form D signed by Martin G Glavin might help Ivedix, 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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