Resilio, Inc., Corporation just filed form D because of $5.00 million equity and debt financing. This is a new filing. Resilio was able to sell $5.00 million. That is 100.00% of the financing offer. The total fundraising amount was $5.00 million. The financing document was filed on 2016-07-08. The reason for the financing was: This filing covers the issuance of a Convertible Secured Promissory Note, the Series A Preferred Stock issuable upon conversion of such promissory note and the Common Stock issuable upon further conversion thereof..
Resilio is based in Alabama. The company’s business is Other Technology. The form D was submitted by Eric Klinker CEO. The company was incorporated in 2016. The filler’s address is: 95 Minna Street, Suite 300, San Francisco, Ca, California, 94105. Eric Klinker is the related person in the form and it has address: 95 Minna Street, Suite 300, San Francisco, Ca, California, 94105. Link to Resilio Filing: 000167926016000001.
Analysis of Resilio Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Resilio sold 100.00% of the offering. Could this mean that the trust in Resilio is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 224.68% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $1. 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 Resilio Also
The Form D signed by Eric Klinker might help Resilio, 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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