Wavefront, Inc., Corporation just filed form D for $52.65 million equity financing. This is a new filing. Wavefront was able to finance itself with $37.60 million so far. That is 71.42% of the financing offer. The total fundraising amount was $52.65 million. The fundraising form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $15.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Wavefront is based in California. The company’s business is Other Technology. The SEC form was submitted by Robert Dunn Assistant Secretary. The company was incorporated in 2013. The filler’s address is: 195 Page Mill Road, Suite 109, Palo Alto, Ca, California, 94306-2073. Sam Pullara is the related person in the form and it has address: 195 Page Mill Road, Suite 109, Palo Alto, Ca, California, 94306-2073. Link to Wavefront Filing: 000168746416000001.
Analysis of Wavefront Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Wavefront sold 71.42% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,341.65% 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 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 Wavefront Also
The Form D signed by Robert Dunn might help Wavefront, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.