Babel Street Financing
Babel Street, Inc., Corporation just filed form D announcing $5.00 million debt financing. The date of first sale was 2016-07-21. Babel Street was able to finance itself with $5.00 million. That is 100.00% of the round of financing. The total fundraising amount was $5.00 million. The financing document was filed on 2016-11-10. The reason for the financing was: unspecified.
Babel Street is based in Virginia. The filler’s business is Other Technology. The form was filed by Robert S Collins Corporate Secretary. The company was incorporated in 2014. The filler’s address is: 1818 Library Street, Suite 500, Reston, Va, Virginia, 20190. Jeffrey C Chapman is the related person in the form and it has address: 1818 Library Street, Suite 500, Reston, Va, Virginia, 20190. Link to Babel Street Filing: 000160108016000006.
Analysis of Babel Street Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Babel Street sold 100.00% of the offering. Could this mean that the trust in Babel Street is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 224.68% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $50000. 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 Babel Street Also
The Form D signed by Robert S Collins might help Babel Street, 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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