Form D Report: Cloudlabs $6.52 million Financing. Hariraam Varun Ganapathi Submitted Jul 13 D Filing


Technology Cloudlabs, Inc. - Hariraam Varun Ganapathi

Cloudlabs Financing

Cloudlabs, Inc., Corporation just submitted form D because of $6.52 million equity and debt financing. This is a new filing. Cloudlabs was able to fundraise $6.12 million. That is 93.87% of the fundraising. The total private offering amount was $6.52 million. The form was filed on 2016-07-13. The reason for the financing was: Total offering amount includes $5,020,243.61 in debt which converted to shares at the time of the close of this financing.. The fundraising still has about $399,526 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Cloudlabs is based in California. The company’s business is Other Technology. The form was signed by Hariraam Varun Ganapathi Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 653 Harrison Street, San Francisco, Ca, California, 94107. H. Varun Ganapathi is the related person in the form and it has address: C/O Cloudlabs, Inc., 653 Harrison Street, San Francisco, Ca, California, 94107. Link to Cloudlabs Filing: 000167908416000001.

Analysis of Cloudlabs Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Cloudlabs sold 93.87% of the offering. The financing is still open. Could this mean that the trust in Cloudlabs is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 297.45% 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 Cloudlabs Also

The Form D signed by Hariraam Varun Ganapathi might help Cloudlabs, 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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