Circadian Zirclight Financing
Circadian Zirclight, Inc., Corporation just filed form D for $1.00 million equity financing. The date of first sale was 2016-07-22. Circadian Zirclight was able to sell $250,000 so far. That is 25.00% of the offering. The total fundraising amount was $1.00 million. The offering form was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $750,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Circadian Zirclight is based in Alabama. The company’s business is Other Technology. The form was submitted by Martin Moore-Ede CEO. The company was incorporated in 2011. The filler’s address is: 2 Main Street, Suite 310, Stoneham, Ma, Massachusetts, 02180. Martin Moore-Ede is the related person in the form and it has address: 2 Main Street, Suite 310, Stoneham, Ma, Massachusetts, 02180. Link to Circadian Zirclight Filing: 000168141316000002.
Analysis of Circadian Zirclight Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Circadian Zirclight sold 25.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 83.77% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $250000. 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 Circadian Zirclight Also
The Form D signed by Martin Moore-Ede might help Circadian Zirclight, 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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