Form D SEC Filing: Action Alignment $3.00 million Financing. Matt Urmy Released Nov 7 SEC Filing

Technology Action Alignment, Llc - Matt Urmy

Action Alignment Financing

Action Alignment, Llc, Limited Liability Company just filed form D for $3.00 million equity financing. The date of first sale was 2016-04-13. Action Alignment was able to fundraise $81,866 so far. That is 2.73% of the fundraising offer. The total private financing amount was $3.00 million. The financing form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $2.92 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Action Alignment is based in Tennessee. The firm’s business is Other Technology. The D form was submitted by Matt Urmy Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 521 Gallatin Avenue, Suite 6, Nashville, Tn, Tennessee, 37206. Matt Urmy is the related person in the form and it has address: 521 Gallatin Avenue, Suite 6, Nashville, Tn, Tennessee, 37206. Link to Action Alignment Filing: 000153910116000003.

Analysis of Action Alignment Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Action Alignment sold 2.73% 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 94.68% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this offering was set at $1. 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 Action Alignment Also

The Form D signed by Matt Urmy might help Action Alignment, Llc’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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