Ingo Money Financing
Ingo Money, Inc., Corporation just submitted form D for $4.00 million equity financing. This is a new filing. Ingo Money was able to sell $4.00 million. That is 100.00% of the round of financing. The total offering amount was $4.00 million. The fundraising form was filed on 2016-07-13. The reason for the financing was: unspecified.
Ingo Money is based in Georgia. The firm’s business is Other Technology. The D form was submitted by Rusty Pickering General Counsel. The company was incorporated more than five years ago. The filler’s address is: 623 Holcomb Bridge Road, Roswell, Ga, Georgia, 30076. Drew Edwards is the related person in the form and it has address: 623 Holcomb Bridge Road, Roswell, Ga, Georgia, 30076. Link to Ingo Money Filing: 000158797616000004.
Analysis of Ingo Money Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Ingo Money sold 100.00% of the offering. Could this mean that the trust in Ingo Money is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 159.74% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $5000. 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 Ingo Money Also
The Form D signed by Rusty Pickering might help Ingo Money, 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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