3Scan Inc., Corporation just had published form D regarding $14.00 million equity financing. The date of first sale was 2016-06-22. 3Scan was able to finance itself with $14.00 million. That is 100.00% of the round of financing. The total private financing amount was $14.00 million. This form was filed on 2016-07-08. The reason for the financing was: unspecified. The fundraising still has about $10 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
3Scan is based in California. The filler’s business is Other Technology. The form was signed by Megan Klimen Secretary. The company was incorporated more than five years ago. The filler’s address is: 2122 Bryant Street, San Francisco, Ca, California, 94110. Todd Huffman is the related person in the form and it has address: 2122 Bryant Street, San Francisco, Ca, California, 94110. Link to 3Scan Filing: 000162708016000003.
Analysis of 3Scan Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. 3Scan sold 100.00% of the offering. The financing is still open. Could this mean that the trust in 3Scan is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 809.08% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the fundraising, 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 3Scan Also
The Form D signed by Megan Klimen might help 3Scan 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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