Skysafe, Inc., Corporation just released form D regarding $3.35 million equity financing. The date of first sale was 2016-04-05. Skysafe was able to fundraise $3.35 million. That is 100.00% of the round of financing. The total fundraising amount was $3.35 million. The fundraising form was filed on 2016-10-26. The reason for the financing was: unspecified.
Skysafe is based in California. The firm’s business is Other Technology. The D form was submitted by Grant Jordan President & CEO. The company was incorporated in 2015. The filler’s address is: 3436 Ray Street, San Diego, Ca, California, 92104. Grant Jordan is the related person in the form and it has address: C/O Skysafe, Inc., 3436 Ray Street, San Diego, Ca, California, 92104. Link to Skysafe Filing: 000165937716000006.
Analysis of Skysafe Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Skysafe sold 100.00% of the offering. Could this mean that the trust in Skysafe is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 117.53% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Skysafe Also
The Form D signed by Grant Jordan might help Skysafe, 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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