Form D To Observe: Asto Ct $500000 Financing. David Ergun Submitted Nov 3 form

Technology Asto Ct, Llc - David Ergun

Asto Ct Financing

Asto Ct, Llc, Limited Liability Company just had published form D for $500,000 debt financing. This is a new filing. Asto Ct was able to fundraise $200,000 so far. That is 40.00% of the financing offer. The total private financing amount was $500,000. The offering form was filed on 2016-11-03. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Asto Ct is based in Wisconsin. The company’s business is Other Technology. The form was filed by David Ergun Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 3300 Commercial Avenue, Madison, Wi, Wisconsin, 53714. David Ergun is the related person in the form and it has address: 3300 Commercial Avenue, Madison, Wi, Wisconsin, 53714. Link to Asto Ct Filing: 000168848616000001.

Analysis of Asto Ct Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Asto Ct sold 40.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Asto Ct Also

The Form D signed by David Ergun might help Asto Ct, Llc’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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