Roofstock, Inc., Corporation just filed form D regarding $20.00 million equity financing. This is a new filing. Roofstock was able to finance itself with $17.05 million. That is 85.27% of the fundraising. The total offering amount was $20.00 million. The fundraising form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $2.95 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Roofstock is based in California. The firm’s business is Other Technology. The SEC form was filed by Gary Beasley CEO. The company was incorporated in 2014. The filler’s address is: 1625 Clay Street, Suite 500, Oakland, Ca, California, 94612. Gary Beasley is the related person in the form and it has address: 1625 Clay Street, Suite 500, Oakland, Ca, California, 94612. Link to Roofstock Filing: 000164317616000007.
Analysis of Roofstock Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Roofstock sold 85.27% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,007.34% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $0. 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 Roofstock Also
The Form D signed by Gary Beasley might help Roofstock, 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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