Stagwell Technologies Financing
Stagwell Technologies, Inc., Corporation just released form D announcing $5.00 million equity financing. This is a new filing. Stagwell Technologies was able to sell $5.00 million. That is 100.00% of the offering. The total fundraising amount was $5.00 million. This form was filed on 2016-11-10. The reason for the financing was: unspecified.
Stagwell Technologies is based in Florida. The filler’s business is Other Technology. The form D was filed by Peter L Corsell President. The company was incorporated more than five years ago. The filler’s address is: C/O Peter L. Corsell, 95 Merrick Way, 3Rd Floor, Coral Gables, Fl, Florida, 33134. Peter L. Corsell is the related person in the form and it has address: C/O Stagwell Technologies, Inc., 95 Merrick Way, 3Rd Floor, Coral Gables, Fl, Florida, 33134. Link to Stagwell Technologies Filing: 000131289416000002.
Analysis of Stagwell Technologies Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Stagwell Technologies sold 100.00% of the offering. Could this mean that the trust in Stagwell Technologies is high? The average fundraising amount 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 $5000000. 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 Stagwell Technologies Also
The Form D signed by Peter L Corsell might help Stagwell Technologies, 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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