Oben, Inc., Corporation just had published form D announcing $7.78 million equity financing. The date of first sale was 2016-08-26. Oben was able to fundraise $7.78 million. That is 100.00% of the offering. The total fundraising amount was $7.78 million. The private financing document was filed on 2016-11-03. The reason for the financing was: Amending the Total Amount Sold to $7,784,839.93..
Oben is based in California. The filler’s business is not disclosed. The form D was submitted by Nikhil R Jain Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 130 W. Union Street, Pasadena, Ca, California, 91103. Nikhil R. Jain is the related person in the form and it has address: C/O Oben, Inc., 130 W. Union Street, Pasadena, Ca, California, 91103. Link to Oben Filing: 000168391616000002.
Analysis of Oben Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Oben sold 100.00% of the offering. Could this mean that the trust in Oben is high? The average investment size for companies in all industries in our database is $3.05 million. The total amount raised is 155.24% bigger than the average for companies in the database. The minimum investment for this fundraising 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 Oben Also
The Form D signed by Nikhil R Jain might help Oben, 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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