Today’s Form D Alert: Data Verity $90000 Financing. Gordon Flammer Filed Nov 2 Form D

Technology Data Verity - Gordon Flammer

Data Verity Financing

Data Verity, Corporation just submitted form D about $90,000 debt financing. This is a new filing. Data Verity was able to finance itself with $90,000. That is 100.00% of the fundraising. The total financing amount was $90,000. The financing form was filed on 2016-11-02. The reason for the financing was: unspecified.

Data Verity is based in Alabama. The company’s business is Other Technology. The SEC form was filed by Gordon Flammer President. The company was incorporated more than five years ago. The filler’s address is: 3440 Youngfield Street, Suite 361, Wheatridge, Co, Colorado, 80033. Gordon Flammer is the related person in the form and it has address: 2401 Beech Ct., Golden, Co, Colorado, 80401. Link to Data Verity Filing: 000168916116000001.

Analysis of Data Verity Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Data Verity sold 100.00% of the offering. Could this mean that the trust in Data Verity is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 94.16% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for different needs and reasons. 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 Data Verity Also

The Form D signed by Gordon Flammer might help Data Verity’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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