Fte Networks Financing
Fte Networks, Inc., Corporation just released form D for $3.00 million equity financing. The date of first sale was 2016-09-08. Fte Networks was able to fundraise $3.00 million. That is 100.00% of the financing round. The total financing amount was $3.00 million. The offering form was filed on 2016-11-03. The reason for the financing was: N/A. The fundraising still has about $1 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fte Networks is based in Florida. The company’s business is Other Technology. The D form was submitted by David Lethem Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 999 Vanderbilt Beach Road, Suite 601, Naples, Fl, Florida, 34108. Michael Palleschi is the related person in the form and it has address: 999 Vanderbilt Beach Road, Suite 601, Naples, Fl, Florida, 34108. Link to Fte Networks Filing: 000149315216014492.
Analysis of Fte Networks Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Fte Networks sold 100.00% of the offering. The financing is still open. Could this mean that the trust in Fte Networks is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 94.81% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $10000. 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 Fte Networks Also
The Form D signed by David Lethem might help Fte Networks, 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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