Form D Coverage: Kinney Group $4.00 million Fundraising. Sarah Nelms Submitted Nov 9 form

Technology Kinney Group, Inc. - Sarah Nelms

Kinney Group Financing

Kinney Group, Inc., Corporation just had published form D regarding $4.00 million debt financing. This is a new filing. Kinney Group was able to sell $2.00 million so far. That is 50.00% of the fundraising. The total private financing amount was $4.00 million. This form was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Kinney Group is based in Indiana. The firm’s business is Other Technology. The D form was filed by Sarah Nelms COO. The company was incorporated more than five years ago. The filler’s address is: 2425 West Michigan Street, Suite 100, Indianapolis, In, Indiana, 46222. James Kinney is the related person in the form and it has address: 2425 West Michigan Street, Suite 100, Indianapolis, In, Indiana, 46222. Link to Kinney Group Filing: 000168976216000001.

Analysis of Kinney Group Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Kinney Group sold 50.00% 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 29.87% 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 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 Kinney Group Also

The Form D signed by Sarah Nelms might help Kinney Group, 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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