Kittyhawk.Io, Inc., Corporation just released form D announcing $500,000 equity financing. The date of first sale was 2016-05-24. Kittyhawk.Io was able to finance itself with $500,000. That is 100.00% of the fundraising. The total financing amount was $500,000. The offering form was filed on 2016-11-01. The reason for the financing was: unspecified.
Kittyhawk.Io is based in California. The firm’s business is Computers. The D form was submitted by Jonathan Hegranes President. The company was incorporated in 2015. The filler’s address is: 25 Taylor Street; Suite 203, San Francisco, Ca, California, 94012. Jonathan Hegranes is the related person in the form and it has address: 25 Taylor Street; Suite 203, San Francisco, Ca, California, 94012. Link to Kittyhawk.Io Filing: 000167583416000003.
Analysis of Kittyhawk.Io Offering
On average, companies in the Computers sector, sell 85.30% of the total offering size. Kittyhawk.Io sold 100.00% of the offering. Could this mean that the trust in Kittyhawk.Io is high? The average investment offering size for companies in the Computers industry is $130,000. The total amount raised is 284.62% bigger than the average for companies in the Computers sector. The minimum investment for this offering is set at $500000. 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 Kittyhawk.Io Also
The Form D signed by Jonathan Hegranes might help Kittyhawk.Io, 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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