Zestful, Inc., Corporation just filed form D regarding $350,000 debt financing. This is a new filing. Zestful was able to fundraise $100,000 so far. That is 28.57% of the offering. The total offering amount was $350,000. The financing document was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Zestful is based in Colorado. The company’s business is Other Technology. The form D was filed by Mathew Vogels President and CEO. The company was incorporated in 2016. The filler’s address is: Wework, 2420 17Th Street, Denver, Co, Colorado, 80202. Mathew Vogels is the related person in the form and it has address: Wework, 2420 17Th Street, Denver, Co, Colorado, 80202. Link to Zestful Filing: 000168892716000001.
Analysis of Zestful Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Zestful sold 28.57% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 93.51% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. 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 Zestful Also
The Form D signed by Mathew Vogels might help Zestful, 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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