Tradingfront, Inc., Corporation just submitted form D about $600,000 equity financing. This is a new filing. Tradingfront was able to finance itself with $600,000. That is 100.00% of the fundraising. The total financing amount was $600,000. The form was filed on 2016-11-01. The reason for the financing was: unspecified.
Tradingfront is based in Alabama. The firm’s business is Other Technology. The form D was signed by Xin Song President and Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 111 Worington Dr, West Chester, Pa, Pennsylvania, 19382. Xin Song is the related person in the form and it has address: 111 Worington Dr, West Chester, Pa, Pennsylvania, 19382. Link to Tradingfront Filing: 000168278316000002.
Analysis of Tradingfront Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Tradingfront sold 100.00% of the offering. Could this mean that the trust in Tradingfront is high? The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 61.04% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering 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 Tradingfront Also
The Form D signed by Xin Song might help Tradingfront, 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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