Verse Technologies Financing
Verse Technologies, Inc, Corporation just submitted form D for $10.15 million equity financing. This is a new filing. Verse Technologies was able to sell $10.15 million. That is 100.00% of the offering. The total private financing amount was $10.15 million. The fundraising form was filed on 2016-11-01. The reason for the financing was: unspecified.
Verse Technologies is based in California. The company’s business is Other Technology. The D form was signed by Francisco de Borja Rossell CEO & President. The company was incorporated in 2015. The filler’s address is: 55 E 3Rd Ave, San Mateo, Ca, California, 94401. Francisco De Borja Rossell is the related person in the form and it has address: 55 E 3Rd Ave, San Mateo, Ca, California, 94401. Link to Verse Technologies Filing: 000168897316000002.
Analysis of Verse Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Verse Technologies sold 100.00% of the offering. Could this mean that the trust in Verse Technologies is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 559.23% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was 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 Verse Technologies Also
The Form D signed by Francisco de Borja Rossell might help Verse Technologies, 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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