Nano-Textile Ltd., Corporation just filed form D regarding $10,000 equity financing. This is a new filing. Nano-Textile was able to fundraise $10,000. That is 100.00% of the financing offer. The total fundraising amount was $10,000. The financing document was filed on 2016-10-26. The reason for the financing was: unspecified.
Nano-Textile is based in Israel. The filler’s business is Other Technology. The D form was signed by Raz Gal Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 14 Izhak Sade St., Nahariya, L3, Israel, 2230507. Raz Gal is the related person in the form and it has address: 26 Nordeu Ave., Tel Aviv, L3, Israel, 6311309. Link to Nano-Textile Filing: 000114420416131301.
Analysis of Nano-Textile Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Nano-Textile sold 100.00% of the offering. Could this mean that the trust in Nano-Textile is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 99.35% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering is 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 Nano-Textile Also
The Form D signed by Raz Gal might help Nano-Textile Ltd.’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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