Form D Don’t Lie: Zyptonite $2.70 million Financing. Antti Uusiheimala Submitted Nov 14 SEC Filing

Technology Zyptonite, Inc. - Antti Uusiheimala

Zyptonite Financing

Zyptonite, Inc., Corporation just released form D regarding $2.70 million equity financing. This is a new filing. Zyptonite was able to finance itself with $1.50 million so far. That is 55.73% of the fundraising. The total financing amount was $2.70 million. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $1.20 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Zyptonite is based in New York. The company’s business is Other Technology. The form was filed by Antti Uusiheimala President. The company was incorporated in 2015. The filler’s address is: 1460 Broadway, 12 Floor, New York, Ny, New York, 10036. Antti Uusiheimala is the related person in the form and it has address: 1460 Broadway, 12 Floor, New York, Ny, New York, 10036. Link to Zyptonite Filing: 000168945916000001.

Analysis of Zyptonite Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Zyptonite sold 55.73% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 2.30% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different reasons and needs. The minimum investment for this offering was 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 Zyptonite Also

The Form D signed by Antti Uusiheimala might help Zyptonite, 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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