Nvoq Inc, Corporation just had published form D for $12.00 million equity financing. The date of first sale was 2015-10-26. Nvoq was able to sell $5.83 million so far. That is 48.59% of the fundraising offer. The total fundraising amount was $12.00 million. The financing document was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $6.17 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Nvoq is based in Colorado. The filler’s business is Other Technology. The D form was filed by Conrad A McCarty Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 2580 55Th Street, Suite 210, Boulder, Co, Colorado, 80301. Charles N Corfield is the related person in the form and it has address: 2580 55Th Street, Suite 210, Boulder, Co, Colorado, 80301. Link to Nvoq Filing: 000117014116000002.
Analysis of Nvoq Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Nvoq sold 48.59% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 278.64% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is 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 Nvoq Also
The Form D signed by Conrad A McCarty might help Nvoq 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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