Form D Report: Avalanche Technology $25.30 million Fundraising. Petro Estakhri Filed Nov 7 Form D

Technology Avalanche Technology Inc - Petro Estakhri

Avalanche Technology Financing

Avalanche Technology Inc, Corporation just had published form D about $25.30 million equity financing. This is a new filing. Avalanche Technology was able to sell $10.30 million so far. That is 40.71% of the fundraising. The total fundraising amount was $25.30 million. The offering form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $15.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Avalanche Technology is based in California. The filler’s business is Other Technology. The D form was signed by Petro Estakhri President. The company was incorporated more than five years ago. The filler’s address is: 46600 Landing Parkway, Fremont, Ca, California, 94538. Petro Estakhri is the related person in the form and it has address: C/O Avalanche Technology, Inc., 46600 Landing Parkway, Fremont, Ca, California, 94538. Link to Avalanche Technology Filing: 000165373716000004.

Analysis of Avalanche Technology Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Avalanche Technology sold 40.71% of the offering. The fundraising is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 568.83% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Avalanche Technology Also

The Form D signed by Petro Estakhri might help Avalanche Technology 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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