Form D: Traptic $500002 Financing. Lewis Anderson Published Nov 1 SEC Form

Technology Traptic Inc - Lewis Anderson

Traptic Financing

Traptic Inc, Corporation just released form D for $500,002 equity financing. This is a new filing. Traptic was able to finance itself with $399,999 so far. That is 80.00% of the fundraising offer. The total offering amount was $500,002. The financing document was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $100,003 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Traptic is based in Alabama. The company’s business is Other Technology. The D form was filed by Lewis Anderson Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 1925 Cambridge Drive, Mountain View, Ca, California, 94043. Lewis Anderson is the related person in the form and it has address: 1925 Cambridge Drive, Mountain View, Ca, California, 94043. Link to Traptic Filing: 000168917916000001.

Analysis of Traptic Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Traptic sold 80.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 74.03% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this offering was 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 Traptic Also

The Form D signed by Lewis Anderson might help Traptic 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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