Mynd Management Financing
Mynd Management, Inc, Corporation just submitted form D announcing $5.50 million equity financing. This is a new filing. Mynd Management was able to fundraise $5.50 million. That is 100.00% of the round of financing. The total offering amount was $5.50 million. This form was filed on 2016-11-01. The reason for the financing was: unspecified.
Mynd Management is based in California. The filler’s business is Other Technology. The form was submitted by Colin Wiel Co-Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 1611 Telegraph Ave., 14Th Floor, Oakland, Ca, California, 94612. Doug Brien is the related person in the form and it has address: 1611 Telegraph Ave., 14Th Floor, Oakland, Ca, California, 94612. Link to Mynd Management Filing: 000168893016000001.
Analysis of Mynd Management Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Mynd Management sold 100.00% of the offering. Could this mean that the trust in Mynd Management is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 257.14% bigger than the average for companies in the Other Technology sector. 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 Mynd Management Also
The Form D signed by Colin Wiel might help Mynd Management, 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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