Form D SEC Filing: Parkour Method $1.50 million Fundraising. Phillip Zakas Released Nov 4 Form D

Technology Parkour Method Inc. - Phillip Zakas

Parkour Method Financing

Parkour Method Inc., Corporation just filed form D regarding $1.50 million equity financing. The date of first sale was 2016-07-14. Parkour Method was able to fundraise $600,000 so far. That is 40.00% of the financing round. The total private financing amount was $1.50 million. The private financing document was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $900,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Parkour Method is based in Guatemala. The filler’s business is Other Technology. The form D was filed by Phillip Zakas President. The company was incorporated in 2015. The filler’s address is: 1875 K Street Nw, Suite 531, Washington, Dc, District Of Columbia, 20006. Jos? Vargas is the related person in the form and it has address: 3401 N. Miami Ave., Ste. 205, Miami, Fl, Florida, 33127. Link to Parkour Method Filing: 000168670416000002.

Analysis of Parkour Method Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Parkour Method sold 40.00% 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 61.04% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups raise funds for different reasons and needs. The minimum investment for this financing was set at $600000. 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 Parkour Method Also

The Form D signed by Phillip Zakas might help Parkour Method 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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