Form D Buzzer: Wovo Identity Solutions $500000 Fundraising. Kathleen M Erickson Released Nov 4 SEC Filing

Technology Wovo Identity Solutions, Llc - Kathleen M Erickson

Wovo Identity Solutions Financing

Wovo Identity Solutions, Llc, Limited Liability Company just filed form D about $500,000 equity financing. This is a new filing. Wovo Identity Solutions, Llc is expected to fundraise $500,000 in this fundraising. The total financing amount was $500,000. The form was filed on 2016-11-04. The reason for the financing was: Part of gross proceeds will be used for executive compensation (salary).. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Wovo Identity Solutions is based in Alabama. The filler’s business is Other Technology. The D form was signed by Kathleen M Erickson CEO/Founder/Owner. The company was incorporated in 2014. The filler’s address is: 6767 Xenon Drive, Arvada, Co, Colorado, 80004. Kathleen Marie Erickson is the related person in the form and it has address: 6767 Xenon Drive, Arvada, Co, Colorado, 80004. Link to Wovo Identity Solutions Filing: 000168895316000002.

Analysis of Wovo Identity Solutions Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Wovo Identity Solutions sold 0.00% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for different reasons and needs. The minimum investment for this financing is set at $25000. 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 Wovo Identity Solutions Also

The Form D signed by Kathleen M Erickson might help Wovo Identity Solutions, Llc’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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