Form D: Minesense Technologies $954903 Fundraising. Jeff More Published Nov 14 Form D

Minesense Technologies Ltd. - Jeff More

Minesense Technologies Financing

Minesense Technologies Ltd., Corporation just released form D regarding $954,903 debt financing. This is a new filing. Minesense Technologies was able to sell $954,903. That is 100.00% of the round of financing. The total fundraising amount was $954,903. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified.

Minesense Technologies is based in British Columbia – Canada. The filler’s business is not disclosed. The form D was filed by Jeff More President and Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: Suite 100 – 8365 Ontario Street, Vancouver, A1, British Columbia, Canada, V5x 3E8. Jeff More is the related person in the form and it has address: Suite 100 – 8365 Ontario Street, Vancouver, A1, British Columbia, Canada, V5x 3E8. Link to Minesense Technologies Filing: 000114036116086262.

Analysis of Minesense Technologies Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Minesense Technologies sold 100.00% of the offering. Could this mean that the trust in Minesense Technologies is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 68.69% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this fundraising 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 Minesense Technologies Also

The Form D signed by Jeff More might help Minesense Technologies Ltd.’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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