Form D Worth Mentioning: Frame Technology $1.54 million Financing. George B Davis Released Oct 18 Form D

Technology Frame Technology, Inc. - George B Davis

Frame Technology Financing

Frame Technology, Inc., Corporation just filed form D announcing $1.54 million equity financing. This is a new filing. Frame Technology was able to finance itself with $1.54 million. That is 100.00% of the fundraising offer. The total offering amount was $1.54 million. The offering form was filed on 2016-10-18. The reason for the financing was: unspecified.

Frame Technology is based in New York. The filler’s business is Other Technology. The form D was signed by George B Davis President. The company was incorporated in 2016. The filler’s address is: 135 W. 26Th Street, New York, Ny, New York, 10011. George B. Davis is the related person in the form and it has address: C/O Frame Technology, Inc., 135 W. 26Th Street, New York, Ny, New York, 10011. Link to Frame Technology Filing: 000123191916000062.

Analysis of Frame Technology Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Frame Technology sold 100.00% of the offering. Could this mean that the trust in Frame Technology is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 0.32% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. 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 Frame Technology Also

The Form D signed by George B Davis might help Frame Technology, 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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