SEC Form D Coverage: Outbox Systems $5.51 million Fundraising. Ryan Westwood Filed Oct 31 Form D

Technology Outbox Systems, Inc. - Ryan Westwood

Outbox Systems Financing

Outbox Systems, Inc., Corporation just filed form D announcing $5.51 million equity financing. The date of first sale was 2016-07-29. Outbox Systems was able to fundraise $5.51 million. That is 100.00% of the financing offer. The total private offering amount was $5.51 million. This form was filed on 2016-10-31. The reason for the financing was: unspecified.

Outbox Systems is based in Utah. The filler’s business is Other Technology. The D form was signed by Ryan Westwood Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 9350 S. 150 East, Suite 220, Sandy, Ut, Utah, 84070. Ryan Westwood is the related person in the form and it has address: 9350 South 150 East, Suite 220, Sandy, Ut, Utah, 84070. Link to Outbox Systems Filing: 000164042616000005.

Analysis of Outbox Systems Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Outbox Systems sold 100.00% of the offering. Could this mean that the trust in Outbox Systems is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 257.82% 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 Outbox Systems Also

The Form D signed by Ryan Westwood might help Outbox Systems, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment