View, Inc, Corporation just submitted form D because of $90.00 million debt financing. The date of first sale was 2016-04-15. View was able to fundraise $90.00 million. That is 100.00% of the fundraising offer. The total offering amount was $90.00 million. The form was filed on 2016-11-10. The reason for the financing was: Senior Secured Convertible Promissory Notes; Preferred Stock issuable upon conversion; Common Stock issuable upon conversion..
View is based in California. The firm’s business is Other Technology. The SEC form was filed by James D Fay Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 195 S. Milpitas Blvd., Milpitas, Ca, California, 95035. Rao Mulpuri is the related person in the form and it has address: 195 S. Milpitas Blvd., Milpitas, Ca, California, 95035. Link to View Filing: 000141665516000005.
Analysis of View Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. View sold 100.00% of the offering. Could this mean that the trust in View is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 5,744.16% 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 View Also
The Form D signed by James D Fay might help View, 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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