Allbound, Inc., Corporation just had published form D regarding $1.10 million equity financing. This is a new filing. Allbound was able to sell $1.10 million. That is 100.00% of the fundraising. The total private financing amount was $1.10 million. The private financing document was filed on 2016-10-14. The reason for the financing was: unspecified.
Allbound is based in Arizona. The firm’s business is Other Technology. The form was filed by SCOTT SALKIN PRESIDENT AND CEO. The company was incorporated in 2014. The filler’s address is: 111 W. Monroe Street, Suite 603, Phoenix, Az, Arizona, 85003. Scott Salkin is the related person in the form and it has address: 111 W. Monroe Street, Suite 603, Phoenix, Az, Arizona, 85003. Link to Allbound Filing: 000168770416000001.
Analysis of Allbound Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Allbound sold 100.00% of the offering. Could this mean that the trust in Allbound is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 28.59% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising was set at $0. 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 Allbound Also
The Form D signed by SCOTT SALKIN might help Allbound, 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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