Fairtech Labs Financing
Fairtech Labs, Llc, Limited Liability Company just had published form D announcing $220,333 equity financing. This is a new filing. Fairtech Labs was able to finance itself with $220,333. That is 100.00% of the round of financing. The total offering amount was $220,333. The private financing document was filed on 2016-11-04. The reason for the financing was: unspecified.
Fairtech Labs is based in Alabama. The filler’s business is Other Technology. The SEC form was filed by Lindsay Fairman Chief Technology Officer. The company was incorporated in 2012. The filler’s address is: 200 Innovation Boulevard, State College, Pa, Pennsylvania, 16803. Lindsay Fairman is the related person in the form and it has address: 413 Pantops Parade, Port Matilda, Pa, Pennsylvania, 16870. Link to Fairtech Labs Filing: 000168947616000001.
Analysis of Fairtech Labs Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Fairtech Labs sold 100.00% of the offering. Could this mean that the trust in Fairtech Labs is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 85.69% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this financing 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 Fairtech Labs Also
The Form D signed by Lindsay Fairman might help Fairtech Labs, 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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