Securekey Technologies Financing
Securekey Technologies Inc., Corporation just had published form D announcing $776,001 equity financing. The date of first sale was 2016-08-12. Securekey Technologies was able to fundraise $776,001. That is 100.00% of the fundraising. The total offering amount was $776,001. The form was filed on 2016-10-19. The reason for the financing was: USD$499,001 and USD$277,000 were sold in August 2016 and October 2016, respectively, in the United States in this Offering. Additional amounts were sold in this Offering in jurisdictions outside the United States..
Securekey Technologies is based in Ontario – Canada. The filler’s business is Computers. The form was filed by Jaime Shapiro President. The company was incorporated more than five years ago. The filler’s address is: 4101 Yonge Street, Suite 501, Toronto, A6, Ontario, Canada, M2p 1N6. Greg Wolfond is the related person in the form and it has address: 4101 Yonge Street, Suite 501, Toronto, A6, Ontario, Canada, M2p 1N6. Link to Securekey Technologies Filing: 000148964116000003.
Analysis of Securekey Technologies Offering
On average, firms in the Computers sector, sell 85.30% of the total offering size. Securekey Technologies sold 100.00% of the offering. Could this mean that the trust in Securekey Technologies is high? The average investment floor size for companies in the Computers industry is $130,000. The total amount raised is 496.92% bigger than the average for companies in the Computers sector. The minimum investment for this financing 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 Securekey Technologies Also
The Form D signed by Jaime Shapiro might help Securekey Technologies 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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