Gethuman, Inc., Corporation just released form D announcing $3.15 million equity financing. This is a new filing. Gethuman was able to finance itself with $3.15 million. That is 100.00% of the fundraising offer. The total fundraising amount was $3.15 million. This form was filed on 2016-11-08. The reason for the financing was: unspecified.
Gethuman is based in Massachusetts. The firm’s business is Other Technology. The SEC form was signed by Christian Allen Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 51 Melcher Street, 1St Floor, Boston, Ma, Massachusetts, 02210. Christian Allen is the related person in the form and it has address: 51 Melcher Street, 1St Floor, Boston, Ma, Massachusetts, 02210. Link to Gethuman Filing: 000168893516000001.
Analysis of Gethuman Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Gethuman sold 100.00% of the offering. Could this mean that the trust in Gethuman is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 104.29% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Gethuman Also
The Form D signed by Christian Allen might help Gethuman, 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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