Voltaiq, Inc., Corporation just submitted form D announcing $2.42 million equity financing. The date of first sale was 2015-12-22. Voltaiq was able to fundraise $2.42 million. That is 100.00% of the offering. The total private offering amount was $2.42 million. This form was filed on 2016-11-02. The reason for the financing was: unspecified.
Voltaiq is based in New York. The company’s business is Other Technology. The form D was submitted by Tal Sholklapper President and CEO. The company was incorporated in 2012. The filler’s address is: C/O Urban Future Lab, 15 Metrotech Center, Floor 19, Brooklyn, Ny, New York, 11201. Tal Sholklapper is the related person in the form and it has address: C/O Urban Future Lab, 15 Metrotech Center, Floor 19, Brooklyn, Ny, New York, 11201. Link to Voltaiq Filing: 000154758116000003.
Analysis of Voltaiq Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Voltaiq sold 100.00% of the offering. Could this mean that the trust in Voltaiq is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 57.41% 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 Voltaiq Also
The Form D signed by Tal Sholklapper might help Voltaiq, 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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