Tinybop Inc., Corporation just submitted form D regarding $13.03 million equity financing. This is a new filing. Tinybop was able to finance itself with $10.66 million. That is 81.78% of the fundraising offer. The total offering amount was $13.03 million. The financing document was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $2.37 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tinybop is based in New York. The company’s business is Other Technology. The SEC form was filed by Raul Gutierrez Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 540 Atlantic Avenue, Brooklyn, Ny, New York, 11217. Raul Gutierrez is the related person in the form and it has address: C/O Tinybop Inc., 540 Atlantic Avenue, Brooklyn, Ny, New York, 11217. Link to Tinybop Filing: 000123191916000066.
Analysis of Tinybop Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Tinybop sold 81.78% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 592.04% 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 Tinybop Also
The Form D signed by Raul Gutierrez might help Tinybop 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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