Form D Coverage: Tangible Science $4.60 million Financing. Victor McCray Released Oct 31 D Form

Technology Tangible Science, Llc - Victor McCray

Tangible Science Financing

Tangible Science, Llc, Limited Liability Company just had published form D announcing $4.60 million equity financing. This is a new filing. Tangible Science was able to fundraise $2.98 million so far. That is 64.83% of the financing offer. The total private financing amount was $4.60 million. The offering form was filed on 2016-10-31. The reason for the financing was: $1,247,075.79 of the total amount sold was in the form of convertible debt.. The fundraising still has about $1.62 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Tangible Science is based in California. The filler’s business is Other Technology. The D form was filed by Victor McCray Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 173 Jefferson Drive, Menlo Park, Ca, California, 94025. Victor Mccray is the related person in the form and it has address: C/O Tangible Science, Llc, 173 Jefferson Drive, Menlo Park, Ca, California, 94025. Link to Tangible Science Filing: 000168905016000002.

Analysis of Tangible Science Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Tangible Science sold 64.83% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 93.64% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was 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 Tangible Science Also

The Form D signed by Victor McCray might help Tangible Science, Llc’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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