Form D to Follow: Movewith $1.25 million Financing. Holly Shelton Released Nov 8 SEC Form

Technology Movewith, Inc. - Holly Shelton

Movewith Financing

Movewith, Inc., Corporation just submitted form D because of $1.25 million debt financing. This is a new filing. Movewith was able to finance itself with $1.11 million. That is 88.40% of the financing round. The total private offering amount was $1.25 million. The private financing document was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $145,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Movewith is based in California. The company’s business is Other Technology. The form D was submitted by Holly Shelton President and CEO. The company was incorporated in 2014. The filler’s address is: 590 Howard Street, San Francisco, Ca, California, 94105. Holly Shelton is the related person in the form and it has address: C/O Movewith, Inc., 590 Howard Street, San Francisco, Ca, California, 94105. Link to Movewith Filing: 000162971116000002.

Analysis of Movewith Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Movewith sold 88.40% of the offering. The fundraising is still open. Could this mean that the trust in Movewith is high? The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 28.25% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed 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 Movewith Also

The Form D signed by Holly Shelton might help Movewith, 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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