Mypizza Technologies Financing
Mypizza Technologies, Inc., Corporation just submitted form D because of $350,000 debt financing. This is a new filing. Mypizza Technologies was able to fundraise $270,000 so far. That is 77.14% of the offering. The total financing amount was $350,000. The offering form was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $80,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mypizza Technologies is based in New York. The firm’s business is Other Technology. The D form was submitted by Ilir Sela President and CEO. The company was incorporated in 2015. The filler’s address is: 151 W 26Th Street, Suite 1001, New York, Ny, New York, 10001. Ilir Sela is the related person in the form and it has address: C/O Mypizza Technologies, Inc., 151 W 26Th Street, Suite 1001, New York, Ny, New York, 10001. Link to Mypizza Technologies Filing: 000165504916000004.
Analysis of Mypizza Technologies Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Mypizza Technologies sold 77.14% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 82.47% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds 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 Mypizza Technologies Also
The Form D signed by Ilir Sela might help Mypizza Technologies, 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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