Cipherpoint Software Financing
Cipherpoint Software, Inc., Corporation just released form D because of $192,000 debt financing. This is a new filing. Cipherpoint Software was able to finance itself with $192,000. That is 100.00% of the round of financing. The total fundraising amount was $192,000. The financing form was filed on 2016-11-02. The reason for the financing was: unspecified.
Cipherpoint Software is based in Colorado. The firm’s business is Business Services. The D form was submitted by Michael Fleck CEO. The company was incorporated more than five years ago. The filler’s address is: 1415 Park Ave West, Denver, Co, Colorado, 80205. Michael Fleck is the related person in the form and it has address: 1415 Park Ave West, Denver, Co, Colorado, 80205. Link to Cipherpoint Software Filing: 000152890816000002.
Analysis of Cipherpoint Software Offering
On average, companies in the Business Services sector, sell 69.04% of the total offering size. Cipherpoint Software sold 100.00% of the offering. Could this mean that the trust in Cipherpoint Software is high? The average offering amount for companies in the Business Services industry is $583,000. The offering was 67.07% smaller than the average of $583,000. Of course this should not be taken as negative. Businesses 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 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 Cipherpoint Software Also
The Form D signed by Michael Fleck might help Cipherpoint Software, 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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