Important Form D Filing: Distributed Creation $7.00 million Fundraising. Steve Martocci Submitted Oct 28 Filing

Technology Distributed Creation Inc. - Steve Martocci

Distributed Creation Financing

Distributed Creation Inc., Corporation just submitted form D because of $7.00 million equity financing. This is a new filing. Distributed Creation was able to fundraise $5.00 million so far. That is 71.43% of the fundraising. The total private financing amount was $7.00 million. The offering form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Distributed Creation is based in New York. The filler’s business is Other Technology. The SEC form was filed by Steve Martocci CEO/Co-Founder. The company was incorporated in 2013. The filler’s address is: C/O Distributed Creation Inc., 36 East 20Th Street, 4Th Floor, New York, Ny, New York, 10003. Steve Martocci is the related person in the form and it has address: C/O Distributed Creation Inc., 36 East 20Th Street, 4Th Floor, New York, Ny, New York, 10003. Link to Distributed Creation Filing: 000158914016000003.

Analysis of Distributed Creation Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Distributed Creation sold 71.43% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 224.68% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is 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 Distributed Creation Also

The Form D signed by Steve Martocci might help Distributed Creation 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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