Form D Reporting: Dzzom Delaware $1.08 million Financing. Alif Saleh Filed Nov 6 D Filing

Biotechnology Dzzom Delaware Corp. - Alif Saleh

Dzzom Delaware Financing

Dzzom Delaware Corp., Corporation just submitted form D announcing $1.08 million equity financing. This is a new filing. Dzzom Delaware was able to fundraise $575,000 so far. That is 53.49% of the fundraising. The total private financing amount was $1.08 million. The financing form was filed on 2016-11-06. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Dzzom Delaware is based in Massachusetts. The firm’s business is Biotechnology. The D form was signed by Alif Saleh Chief Executive Officer and President. The company was incorporated in 2013. The filler’s address is: C/O Foley & Lardner Llp, 111 Huntington Avenue, 26Th Floor, Boston, Ma, Massachusetts, 02199. Alif Saleh is the related person in the form and it has address: C/O Foley & Lardner Llp, 111 Huntington Avenue, 26Th Floor, Boston, Ma, Massachusetts, 02199. Link to Dzzom Delaware Filing: 000089706916001104.

Analysis of Dzzom Delaware Offering

On average, startups in the Biotechnology sector, sell 73.77% of the total offering size. Dzzom Delaware sold 53.49% of the offering. The financing is still open. The average investment floor size for companies in the Biotechnology industry is $3.08 million. The offering was 81.33% smaller than the average of $3.08 million. Of course this should not be taken as negative. Companies 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 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 Dzzom Delaware Also

The Form D signed by Alif Saleh might help Dzzom Delaware Corp.’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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