Cachet Financial Solutions Financing
Cachet Financial Solutions, Inc., Corporation just submitted form D for $3.35 million debt financing. This is a new filing. Cachet Financial Solutions was able to sell $3.35 million. That is 100.00% of the financing offer. The total offering amount was $3.35 million. The form was filed on 2016-11-03. The reason for the financing was: unspecified.
Cachet Financial Solutions is based in Minnesota. The company’s business is Other Technology. The form D was submitted by Bryan D Meier Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 18671 Lake Drive East, Southwest Tech Center A, Minneapolis, Mn, Minnesota, 55317. Jeffrey Mack is the related person in the form and it has address: 18671 Lake Drive East, Southwest Tech Center A, Minneapolis, Mn, Minnesota, 55317. Link to Cachet Financial Solutions Filing: 000148790616000004.
Analysis of Cachet Financial Solutions Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Cachet Financial Solutions sold 100.00% of the offering. Could this mean that the trust in Cachet Financial Solutions is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 117.53% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Cachet Financial Solutions Also
The Form D signed by Bryan D Meier might help Cachet Financial Solutions, 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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