Machinemetrics, Inc., Corporation just submitted form D about $2.58 million equity financing. This is a new filing. Machinemetrics was able to sell $2.08 million. That is 80.65% of the financing offer. The total financing amount was $2.58 million. The form was filed on 2016-11-04. 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.
Machinemetrics is based in Massachusetts. The filler’s business is Other Technology. The D form was signed by William Bither President. The company was incorporated in 2015. The filler’s address is: 5 Strong Avenue, Suite 201, Northampton, Ma, Massachusetts, 01060. William Bither is the related person in the form and it has address: 5 Strong Avenue, Suite 201, Northampton, Ma, Massachusetts, 01060. Link to Machinemetrics Filing: 000168907316000001.
Analysis of Machinemetrics Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Machinemetrics sold 80.65% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 35.34% 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 Machinemetrics Also
The Form D signed by William Bither might help Machinemetrics, 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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