Form D Worth Mentioning Today: Cipher Online Media $4.03 million Financing. Suzanne Kelly Published Nov 1 Form D

Cipher Online Media, Inc. - Suzanne Kelly

Cipher Online Media Financing

Cipher Online Media, Inc., Corporation just had published form D regarding $4.03 million equity financing. This is a new filing. Cipher Online Media was able to fundraise $3.03 million so far. That is 75.16% of the fundraising offer. The total financing amount was $4.03 million. The form was filed on 2016-11-01. The reason for the financing was: $1,025,479 of the offering consists of outstanding promissory notes converted into Preferred Shares.. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Cipher Online Media is based in Dc. The company’s business is not disclosed. The form was signed by Suzanne Kelly Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 3128 M Street Nw, Washington, Dc, District Of Columbia, 20007. Suzanne Kelly is the related person in the form and it has address: 3128 M Street Nw, Washington, Dc, District Of Columbia, 20007. Link to Cipher Online Media Filing: 000163821316000003.

Analysis of Cipher Online Media Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Cipher Online Media sold 75.16% of the offering. The financing is still open. Could this mean that the trust in Cipher Online Media is high? The average offering amount for companies in all industries in our database is $3.05 million. The offering was 0.80% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for different reasons and needs. 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 Cipher Online Media Also

The Form D signed by Suzanne Kelly might help Cipher Online Media, 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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