Octane Lending Financing
Octane Lending, Inc., Corporation just submitted form D about $2.09 million equity financing. This is a new filing. Octane Lending was able to sell $968,777 so far. That is 46.25% of the fundraising offer. The total financing amount was $2.09 million. The fundraising form was filed on 2016-10-17. The reason for the financing was: unspecified. The fundraising still has about $1.13 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Octane Lending is based in New York. The firm’s business is not disclosed. The D form was signed by Jason Guss Chief Executive Officer and President. The company was incorporated in 2014. The filler’s address is: 347 W 36Th St, Ste 905, New York, Ny, New York, 10018. Jason Guss is the related person in the form and it has address: 347 W 36Th St, Ste 905, New York, Ny, New York, 10018. Link to Octane Lending Filing: 000161357616000004.
Analysis of Octane Lending Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Octane Lending sold 46.25% of the offering. The fundraising is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 68.24% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this financing is 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 Octane Lending Also
The Form D signed by Jason Guss might help Octane Lending, 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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