Glowe, Inc., Corporation just filed form D for $3.00 million equity financing. This is a new filing. Glowe, Inc. is expected to finance itself with $3.00 million in this round of financing. The total private financing amount was $3.00 million. The financing form was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Glowe is based in Minnesota. The firm’s business is Other Technology. The D form was filed by James Clark President. The company was incorporated more than five years ago. The filler’s address is: 400 South 4Th Street, Suite 401, Minneapolis, Mn, Minnesota, 55415. James Clark is the related person in the form and it has address: 400 South 4Th Street, Suite 401, Minneapolis, Mn, Minnesota, 55415. Link to Glowe Filing: 000168785316000001.
Analysis of Glowe Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Glowe sold 0.00% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising was set at $30000. 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 Glowe Also
The Form D signed by James Clark might help Glowe, 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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