N5 Sensors Financing
N5 Sensors, Inc., Corporation just filed form D announcing $500,000 equity financing. This is a new filing. N5 Sensors was able to fundraise $250,000 so far. That is 50.00% of the fundraising offer. The total private offering amount was $500,000. The offering form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
N5 Sensors is based in Alabama. The firm’s business is Other Technology. The form D was signed by Abhishek Motayed President. The company was incorporated in 2012. The filler’s address is: 9610 Medical Drive, #200, Rockville, Md, Maryland, 20852. Abhishek Motayed is the related person in the form and it has address: 9610 Medical Center Drive, #200, Rockville, Md, Maryland, 20852. Link to N5 Sensors Filing: 000168930216000001.
Analysis of N5 Sensors Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. N5 Sensors sold 50.00% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 83.77% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses raise funds for different needs and reasons. The minimum investment for this fundraising 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 N5 Sensors Also
The Form D signed by Abhishek Motayed might help N5 Sensors, 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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