Form D Alert: Zipstorm $2.20 million Financing. Anoop Gupta Published Nov 4 SEC form

Technology Zipstorm, Inc. - Anoop Gupta

Zipstorm Financing

Zipstorm, Inc., Corporation just submitted form D about $2.20 million equity financing. This is a new filing. Zipstorm was able to fundraise $2.20 million. That is 100.00% of the financing round. The total offering amount was $2.20 million. The form was filed on 2016-11-04. The reason for the financing was: unspecified.

Zipstorm is based in Washington. The filler’s business is Other Technology. The form D was filed by Anoop Gupta Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 11704 Ne 34Th Street, Bellevue, Wa, Washington, 98005. Anoop Gupta is the related person in the form and it has address: 11704 Ne 34Th Street, Bellevue, Wa, Washington, 98005. Link to Zipstorm Filing: 000168932316000001.

Analysis of Zipstorm Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Zipstorm sold 100.00% of the offering. Could this mean that the trust in Zipstorm is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 42.86% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was 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 Zipstorm Also

The Form D signed by Anoop Gupta might help Zipstorm, 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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