Tci Software Financing
Tci Software, Inc., Corporation just released form D announcing $1.00 million debt financing. This is a new filing. Tci Software was able to fundraise $112,500 so far. That is 11.25% of the fundraising. The total offering amount was $1.00 million. The form was filed on 2016-11-10. The reason for the financing was: unspecified. The fundraising still has about $887,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tci Software is based in Connecticut. The filler’s business is Other Technology. The D form was filed by Amish Patel Attorney-in-fact. The company was incorporated in 2013. The filler’s address is: 160 Magnolia Square Court, Aberdeen, Nc, North Carolina, 28315. Timothy J Maroney is the related person in the form and it has address: 180 Magnolia Square Court, Aberdeen, Nc, North Carolina, 28315. Link to Tci Software Filing: 000168985616000001.
Analysis of Tci Software Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Tci Software sold 11.25% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 92.69% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. The minimum investment for this fundraising is set at $12500. 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 Tci Software Also
The Form D signed by Amish Patel might help Tci Software, 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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