Today’s Form D Alert: Zumper $18.00 million Financing. Anthemos Georgiades Filed Oct 19 form

Technology Zumper, Inc. - Anthemos Georgiades

Zumper Financing

Zumper, Inc., Corporation just filed form D regarding $18.00 million equity financing. This is a new filing. Zumper was able to sell $17.65 million. That is 98.06% of the financing offer. The total offering amount was $18.00 million. The financing form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $350,008 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Zumper is based in California. The company’s business is Other Technology. The form was signed by Anthemos Georgiades Chief Executive Officer. The company was incorporated in 2011. The filler’s address is: 49 Geary Street, Suite 350, San Francisco, Ca, California, 94108. Anthemos Georgiades is the related person in the form and it has address: C/O Zumper, Inc., 49 Geary Street, Suite 350, San Francisco, Ca, California, 94108. Link to Zumper Filing: 000160098416000003.

Analysis of Zumper Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Zumper sold 98.06% of the offering. The financing is still open. Could this mean that the trust in Zumper is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,046.10% bigger than the average for companies in the Other Technology sector. 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 Zumper Also

The Form D signed by Anthemos Georgiades might help Zumper, 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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