Hidrate, Inc., Corporation just released form D for $500,000 debt financing. This is a new filing. Hidrate was able to fundraise $325,000 so far. That is 65.00% of the offering. The total financing amount was $500,000. The fundraising form was filed on 2016-10-31. The reason for the financing was: unspecified. The fundraising still has about $175,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Hidrate is based in Colorado. The company’s business is Other Technology. The form D was signed by Ngoc Nguyen President. The company was incorporated in 2015. The filler’s address is: 701 Arapahoe Avenue, #209, Boulder, Co, Colorado, 80302. Ngoc Nguyen is the related person in the form and it has address: 701 Arapahoe Avenue, #209, Boulder, Co, Colorado, 80302. Link to Hidrate Filing: 000167528816000002.
Analysis of Hidrate Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Hidrate sold 65.00% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 78.90% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this financing 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 Hidrate Also
The Form D signed by Ngoc Nguyen might help Hidrate, 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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