Rhiza, Inc., Corporation just submitted form D announcing $600,000 debt financing. This is a new filing. Rhiza was able to fundraise $600,000. That is 100.00% of the financing round. The total private offering amount was $600,000. The private financing document was filed on 2016-11-04. The reason for the financing was: unspecified.
Rhiza is based in Pennsylvania. The firm’s business is Other Technology. The form was submitted by Josh Knauer President. The company was incorporated in 2014. The filler’s address is: 5850 Ellsworth Avenue, Suite 200, Pittsburgh, Pa, Pennsylvania, 15232. Josh Knauer is the related person in the form and it has address: 5850 Ellsworth Ave., Suite 200, Pittsburgh, Pa, Pennsylvania, 15232. Link to Rhiza Filing: 000161172316000005.
Analysis of Rhiza Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Rhiza sold 100.00% of the offering. Could this mean that the trust in Rhiza is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 61.04% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. 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 Rhiza Also
The Form D signed by Josh Knauer might help Rhiza, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.