Form D On Watch: Oncorus $61.43 million Fundraising. Cyrus Mozayeni Submitted Nov 14 SEC form

Oncorus, Inc. - Cyrus Mozayeni

Oncorus Financing

Oncorus, Inc., Corporation just had published form D about $61.43 million equity financing. The date of first sale was 2016-03-31. Oncorus was able to finance itself with $18.72 million so far. That is 30.48% of the offering. The total offering amount was $61.43 million. This form was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $42.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Oncorus is based in Massachusetts. The filler’s business is not disclosed. The D form was signed by Cyrus Mozayeni President. The company was incorporated in 2015. The filler’s address is: 450 Kendall Street, 4Th Floor, Cambridge, Ma, Massachusetts, 02142. Mitchell Finer is the related person in the form and it has address: C/O Oncorus, Inc., 450 Kendall Street, 4Th Floor, Cambridge, Ma, Massachusetts, 02142. Link to Oncorus Filing: 000167181816000005.

Analysis of Oncorus Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Oncorus sold 30.48% of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The total amount raised is 513.86% bigger than the average for companies in the database. The minimum investment for this financing 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 Oncorus Also

The Form D signed by Cyrus Mozayeni might help Oncorus, 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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