Form D Action: Home Tech Innovation $3.76 million Fundraising. Robin S Liss Filed Nov 14 SEC form

Home Tech Innovation, Inc. - Robin S Liss

Home Tech Innovation Financing

Home Tech Innovation, Inc., Corporation just had published form D about $3.76 million equity financing. This is a new filing. Home Tech Innovation was able to finance itself with $1.86 million so far. That is 49.46% of the financing offer. The total financing amount was $3.76 million. This form was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $1.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Home Tech Innovation is based in Massachusetts. The company’s business is not disclosed. The form was submitted by Robin S Liss Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 975 Memorial Drive, Apt 410, Cambridge, Ma, Massachusetts, 02138. Robin S. Liss is the related person in the form and it has address: C/O Home Tech Innovation, Inc., 975 Memorial Drive, Apt 410, Cambridge, Ma, Massachusetts, 02138. Link to Home Tech Innovation Filing: 000168974916000001.

Analysis of Home Tech Innovation Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Home Tech Innovation sold 49.46% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 38.95% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for different needs and reasons. The minimum investment for this financing 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 Home Tech Innovation Also

The Form D signed by Robin S Liss might help Home Tech Innovation, 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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