Nauto, Inc., Corporation just released form D for $9.00 million debt financing. This is a new filing. Nauto was able to fundraise $9.00 million. That is 100.00% of the offering. The total offering amount was $9.00 million. The financing document was filed on 2016-11-07. The reason for the financing was: unspecified.
Nauto is based in Alabama. The firm’s business is Computers. The D form was signed by Stefan Heck Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 380 Portage Ave., Palo Alto, Ca, California, 94306. Stefan Heck is the related person in the form and it has address: 380 Portage Ave., Palo Alto, Ca, California, 94306. Link to Nauto Filing: 000165714716000003.
Analysis of Nauto Offering
On average, firms in the Computers sector, sell 85.30% of the total offering amount. Nauto sold 100.00% of the offering. Could this mean that the trust in Nauto is high? The average fundraising size for companies in the Computers industry is $130,000. The total amount raised is 6,823.08% bigger than the average for companies in the Computers sector. The minimum investment for this financing is set at $20000. 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 Nauto Also
The Form D signed by Stefan Heck might help Nauto, 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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