Form D SEC Filing: Farmobile $4.50 million Fundraising. Jason Tatge Submitted Oct 7 Form D

Technology Farmobile, Inc. - Jason Tatge

Farmobile Financing

Farmobile, Inc., Corporation just filed form D announcing $4.50 million debt financing. This is a new filing. Farmobile was able to sell $2.00 million so far. That is 44.44% of the fundraising offer. The total financing amount was $4.50 million. The financing document was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $2.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Farmobile is based in Kansas. The firm’s business is Other Technology. The D form was filed by Jason Tatge CEO. The company was incorporated in 2015. The filler’s address is: 7015 College Blvd., Suite 325, Overland Park, Ks, Kansas, 66211. Jason Tatge is the related person in the form and it has address: 7015 College Blvd., Suite 325, Overland Park, Ks, Kansas, 66211. Link to Farmobile Filing: 000165935616000002.

Analysis of Farmobile Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Farmobile sold 44.44% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 29.87% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Farmobile Also

The Form D signed by Jason Tatge might help Farmobile, 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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