Jive Communications Financing
Jive Communications, Inc., Corporation just submitted form D announcing $4.50 million equity financing. This is a new filing. Jive Communications was able to fundraise $3.25 million so far. That is 72.22% of the fundraising. The total financing amount was $4.50 million. The fundraising form was filed on 2016-10-17. The reason for the financing was: unspecified. The fundraising still has about $1.25 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jive Communications is based in Utah. The firm’s business is Telecommunications. The form was submitted by John Pope Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 1275 West 1600 North, Suite 102, Orem, Ut, Utah, 84057. John Pope is the related person in the form and it has address: 1275 West 1600 North, Suite 102, Orem, Ut, Utah, 84057. Link to Jive Communications Filing: 000158722016000003.
Analysis of Jive Communications Offering
On average, firms in the Telecommunications sector, sell 85.70% of the total offering amount. Jive Communications sold 72.22% of the offering. The fundraising is still open. The average investment offering size for companies in the Telecommunications industry is $125,000. The total amount raised is 2,500.00% bigger than the average for companies in the Telecommunications sector. The minimum investment for this offering is 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 Jive Communications Also
The Form D signed by John Pope might help Jive Communications, 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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