Form D To Observe: Pogotec $5.00 million Fundraising. Evelyn D Harris Released Nov 2 Filing

Pogotec, Inc. - Evelyn D Harris

Pogotec Financing

Pogotec, Inc., Corporation just had published form D for $5.00 million equity financing. This is a new filing. Pogotec was able to fundraise $1.46 million so far. That is 29.12% of the round of financing. The total offering amount was $5.00 million. This form was filed on 2016-11-02. The reason for the financing was: Series B Preferred Stock. The fundraising still has about $3.54 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Pogotec is based in Virginia. The filler’s business is not disclosed. The SEC form was signed by Evelyn D Harris Secretary. The company was incorporated in 2014. The filler’s address is: 4502 Starkey Road, Suite 109, Roanoke, Va, Virginia, 24018. Ronald D. Blum is the related person in the form and it has address: 4502 Starkey Road, Suite 109, Roanoke, Va, Virginia, 24018. Link to Pogotec Filing: 000164943016000004.

Analysis of Pogotec Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Pogotec sold 29.12% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 52.26% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. 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 Pogotec Also

The Form D signed by Evelyn D Harris might help Pogotec, 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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