Form D Don’t Lie: Verkada $900000 Financing. James Ren Published Oct 28 SEC Filing

Technology Verkada Inc. - James Ren

Verkada Financing

Verkada Inc., Corporation just filed form D for $900,000 debt financing. This is a new filing. Verkada was able to fundraise $399,996 so far. That is 44.44% of the financing offer. The total offering amount was $900,000. The form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $500,004 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Verkada is based in California. The firm’s business is Other Technology. The SEC form was filed by James Ren Chief Financial Officer. The company was incorporated in 2016. The filler’s address is: 325 Sharon Park Drive, Suite 519, Menlo Park, Ca, California, 94025. Filip Kaliszan is the related person in the form and it has address: 325 Sharon Park Drive, Suite 519, Menlo Park, Ca, California, 94025. Link to Verkada Filing: 000168887316000001.

Analysis of Verkada Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Verkada sold 44.44% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 74.03% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. 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 Verkada Also

The Form D signed by James Ren might help Verkada 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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