Ad Lightning Financing
Ad Lightning Inc., Corporation just filed form D about $2.09 million equity financing. This is a new filing. Ad Lightning was able to sell $1.62 million so far. That is 77.53% of the round of financing. The total financing amount was $2.09 million. The private financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $470,002 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ad Lightning is based in Washington. The firm’s business is Other Technology. The form was filed by Scott Moore PRESIDENT & CEO. The company was incorporated in 2016. The filler’s address is: 240 2Nd Avenue S #300, Seattle, Wa, Washington, 98104. Scott Moore is the related person in the form and it has address: 240 2Nd Avenue S #300, Seattle, Wa, Washington, 98104. Link to Ad Lightning Filing: 000168976316000001.
Analysis of Ad Lightning Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Ad Lightning sold 77.53% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 5.28% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was 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 Ad Lightning Also
The Form D signed by Scott Moore might help Ad Lightning 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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