Form D Worth Mentioning Today: Reveal Mobile $1.51 million Fundraising. Brian E Handly Published Nov 4 Form D

Technology Reveal Mobile, Inc. - Brian E Handly

Reveal Mobile Financing

Reveal Mobile, Inc., Corporation just released form D for $1.51 million equity financing. This is a new filing. Reveal Mobile was able to fundraise $1.26 million. That is 83.46% of the round of financing. The total private financing amount was $1.51 million. The financing document was filed on 2016-11-04. The reason for the financing was: Proceeds will be used for working capital, which may include normal compensation to executive officers.. The fundraising still has about $250,001 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Reveal Mobile is based in North Carolina. The firm’s business is Other Technology. The form was signed by Brian E Handly President and CEO. The company was incorporated in 2012. The filler’s address is: 3344 Hillsborough St, Suite 100, Raleigh, Nc, North Carolina, 27607. Brian E. Handly is the related person in the form and it has address: 3344 Hillsborough St, Suite 100, Raleigh, Nc, North Carolina, 27607. Link to Reveal Mobile Filing: 000157763616000004.

Analysis of Reveal Mobile Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Reveal Mobile sold 83.46% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 18.08% smaller than the average of $1.54 million. Of course this should not be seen 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 Reveal Mobile Also

The Form D signed by Brian E Handly might help Reveal Mobile, 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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