Today’s Form D Filing: Cardtapp $2.93 million Fundraising. Benjamin Brashen Released Oct 28 Form D

Technology Cardtapp, Inc. - Benjamin Brashen

Cardtapp Financing

Cardtapp, Inc., Corporation just had published form D about $2.93 million equity financing. This is a new filing. Cardtapp was able to finance itself with $665,318 so far. That is 22.73% of the fundraising. The total offering amount was $2.93 million. The fundraising form was filed on 2016-10-28. The reason for the financing was: $395,000 of item 13(b) is cash investment; $270,318 of item 13(b) is the conversion of previously issued Promissory Notes.. The fundraising still has about $2.26 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Cardtapp is based in Washington. The filler’s business is Other Technology. The form was submitted by Benjamin Brashen President. The company was incorporated in 2015. The filler’s address is: 12708 Northrup Way, Suite 301, Bellevue, Wa, Washington, 98005. Benjamin Brashen is the related person in the form and it has address: 12708 Northup Way, Suite 301, Bellevue, Wa, Washington, 98005. Link to Cardtapp Filing: 000162140816000004.

Analysis of Cardtapp Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Cardtapp sold 22.73% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 56.80% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this financing 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 Cardtapp Also

The Form D signed by Benjamin Brashen might help Cardtapp, 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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