Netbio, Inc., Corporation just submitted form D about $42.00 million equity financing. This is a new filing. Netbio was able to fundraise $16.91 million so far. That is 40.27% of the offering. The total private financing amount was $42.00 million. The private financing document was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $25.09 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Netbio is based in Massachusetts. The firm’s business is Other Technology. The SEC form was submitted by John Rose Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 266 2Nd Ave., Waltham, Ma, Massachusetts, 02451. Richard F. Selden is the related person in the form and it has address: C/O Netbio, Inc., 266 2Nd Ave., Waltham, Ma, Massachusetts, 02451. Link to Netbio Filing: 000168972316000001.
Analysis of Netbio Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Netbio sold 40.27% of the offering. The fundraising is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 998.16% 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 Netbio Also
The Form D signed by John Rose might help Netbio, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.