Fluenty Inc., Corporation just filed form D about $461,998 equity financing. This is a new filing. Fluenty was able to finance itself with $420,000. That is 90.91% of the fundraising. The total offering amount was $461,998. The offering form was filed on 2016-07-12. The reason for the financing was: The remaining authorized but unissued shares are reserved and future offering is undetermined.. The fundraising still has about $41,998 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fluenty is based in Korea. The company’s business is Other Technology. The form D was submitted by Kanghak Kim Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 50, Seocho-Daero 78-Gil, Seocho-Gu, Seoul, M5, Korea, Republic Of, 137-858. Kanghak Kim is the related person in the form and it has address: 50, Seocho-Daero 78-Gil, Seocho-Gu, Seoul, M5, Korea, Republic Of, 137-858. Link to Fluenty Filing: 000164010116000002.
Analysis of Fluenty Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Fluenty sold 90.91% of the offering. The financing is still open. Could this mean that the trust in Fluenty is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 72.73% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for a variety of needs and reasons. 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 Fluenty Also
The Form D signed by Kanghak Kim might help Fluenty 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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