Form D Action: Nozomi Networks $7.55 million Fundraising. Edgard Capdevielle Released Nov 7 D Filing

Technology Nozomi Networks, Inc. - Edgard Capdevielle

Nozomi Networks Financing

Nozomi Networks, Inc., Corporation just released form D for $7.55 million equity financing. This is a new filing. Nozomi Networks was able to sell $7.55 million. That is 100.00% of the financing offer. The total private financing amount was $7.55 million. The form was filed on 2016-11-07. The reason for the financing was: unspecified.

Nozomi Networks is based in California. The firm’s business is Other Technology. The form D was submitted by Edgard Capdevielle President and Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: C/O Latham And Watkins Llp, 140 Scott Drive, Menlo Park, Ca, California, 94025. Edgard Capdevielle is the related person in the form and it has address: C/O Latham & Watkins Llp, 140 Scott Drive, Menlo Park, Ca, California, 94025. Link to Nozomi Networks Filing: 000114036116085186.

Analysis of Nozomi Networks Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Nozomi Networks sold 100.00% of the offering. Could this mean that the trust in Nozomi Networks is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 390.26% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is 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 Nozomi Networks Also

The Form D signed by Edgard Capdevielle might help Nozomi Networks, 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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