Cloudian Holdings Financing
Cloudian Holdings Inc., Corporation just filed form D announcing $35.62 million equity financing. This is a new filing. Cloudian Holdings was able to fundraise $35.62 million. That is 100.00% of the financing round. The total private financing amount was $35.62 million. The fundraising form was filed on 2016-11-09. The reason for the financing was: unspecified.
Cloudian Holdings is based in California. The company’s business is Other Technology. The form was submitted by Michael M Tso Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 177 Bovet Road, Suite 450, San Mateo, Ca, California, 94402. Michael M. Tso is the related person in the form and it has address: 177 Bovet Road, Suite 450, San Mateo, Ca, California, 94402. Link to Cloudian Holdings Filing: 000159776516000001.
Analysis of Cloudian Holdings Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Cloudian Holdings sold 100.00% of the offering. Could this mean that the trust in Cloudian Holdings is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,213.21% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $0. 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 Cloudian Holdings Also
The Form D signed by Michael M Tso might help Cloudian Holdings 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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