Apana Inc., Corporation just released form D for $4.83 million equity financing. This is a new filing. Apana was able to fundraise $1.71 million so far. That is 35.27% of the financing offer. The total fundraising amount was $4.83 million. The financing document was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $3.13 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Apana is based in Washington. The firm’s business is Other Technology. The form D was submitted by Matthew Rose Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 4290 Pacific Hwy, Ste. A, Bellingham, Wa, Washington, 98226. Matthew Rose is the related person in the form and it has address: 4290 Pacific Hwy, Ste. A, Bellingham, Wa, Washington, 98226. Link to Apana Filing: 000163872416000009.
Analysis of Apana Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Apana sold 35.27% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 10.72% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was 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 Apana Also
The Form D signed by Matthew Rose might help Apana 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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