Form D to Follow: Casetext $11.34 million Fundraising. Jacob Heller Filed Nov 2 Form D

Casetext, Inc. - Jacob Heller

Casetext Financing

Casetext, Inc., Corporation just released form D announcing $11.34 million equity financing. The date of first sale was 2015-01-20. Casetext was able to sell $10.48 million. That is 92.48% of the fundraising. The total financing amount was $11.34 million. The offering form was filed on 2016-11-02. The reason for the financing was: unspecified. The fundraising still has about $852,627 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Casetext is based in California. The firm’s business is not disclosed. The D form was submitted by Jacob Heller President. The company was incorporated in 2013. The filler’s address is: 430 Sherman Avenue, Suite 305, Palo Alto, Ca, California, 94306. Jacob Heller is the related person in the form and it has address: 430 Sherman Avenue, Suite 305, Palo Alto, Ca, California, 94306. Link to Casetext Filing: 000163258516000002.

Analysis of Casetext Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Casetext sold 92.48% of the offering. The financing is still open. Could this mean that the trust in Casetext is high? The average investment size for companies in all industries in our database is $3.05 million. The total amount raised is 243.70% bigger than the average for companies in the database. The minimum investment for this offering is set at $0. If you know more about the reasons for the financing, 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 Casetext Also

The Form D signed by Jacob Heller might help Casetext, 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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