Today’s Form D Filing: Flytedesk Inc. $1.60 million Fundraising. Alex Kronman Submitted Jul 13 Form D

Technology Flytedesk Inc. - Alex Kronman

Flytedesk Inc. Financing

Flytedesk Inc., Corporation just had published form D announcing $1.60 million equity financing. This is a new filing. Flytedesk Inc. was able to finance itself with $1.43 million. That is 89.47% of the offering. The total private financing amount was $1.60 million. The form was filed on 2016-07-13. The reason for the financing was: Offer and sale of Series Seed Preferred Stock, along with note conversion.. The fundraising still has about $168,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Flytedesk Inc. is based in Colorado. The company’s business is Other Technology. The SEC form was submitted by Alex Kronman Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 2040 14Th St., Ste. 101, Boulder, Co, Colorado, 80302. Alex Kronman is the related person in the form and it has address: 2040 14Th St., Ste. 101, Boulder, Co, Colorado, 80302. Link to Flytedesk Inc. Filing: 000167397916000001.

Analysis of Flytedesk Inc. Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Flytedesk Inc. sold 89.47% of the offering. The fundraising is still open. Could this mean that the trust in Flytedesk Inc. is high? The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 7.33% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for different needs and reasons. The minimum investment for this offering is 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 Flytedesk Inc. Also

The Form D signed by Alex Kronman might help Flytedesk 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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