Form D Report: Fasten $10.55 million Fundraising. Kirill Evdakov Published Nov 8 Form D

Technology Fasten Inc - Kirill Evdakov

Fasten Financing

Fasten Inc, Corporation just submitted form D announcing $10.55 million equity and debt financing. This is a new filing. Fasten was able to fundraise $10.55 million. That is 100.00% of the fundraising. The total offering amount was $10.55 million. This form was filed on 2016-11-08. The reason for the financing was: unspecified.

Fasten is based in Massachusetts. The filler’s business is Other Technology. The form D was submitted by Kirill Evdakov Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 745 Atlantic Avenue, Suite 359, Boston, Ma, Massachusetts, 02111. Evgeny Lvov is the related person in the form and it has address: 745 Atlantic Avenue, Suite 359, Boston, Ma, Massachusetts, 02111. Link to Fasten Filing: 000089706916001109.

Analysis of Fasten Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Fasten sold 100.00% of the offering. Could this mean that the trust in Fasten is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 584.75% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $100000. 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 Fasten Also

The Form D signed by Kirill Evdakov might help Fasten 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.

Related posts

Leave a Comment