Wiserg Corp, Corporation just filed form D for $20.91 million equity financing. The date of first sale was 2016-03-28. Wiserg was able to finance itself with $20.91 million. That is 100.00% of the offering. The total offering amount was $20.91 million. The offering form was filed on 2016-11-14. The reason for the financing was: unspecified.
Wiserg is based in Washington. The filler’s business is Other Technology. The SEC form was submitted by Brian Valentine Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 15443 Ne 95Th Street, Redmond, Wa, Washington, 98052. Larry Lesueur is the related person in the form and it has address: 15443 Ne 95Th Street, Redmond, Wa, Washington, 98052. Link to Wiserg Filing: 000153894316000009.
Analysis of Wiserg Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Wiserg sold 100.00% of the offering. Could this mean that the trust in Wiserg is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,258.00% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Wiserg Also
The Form D signed by Brian Valentine might help Wiserg Corp’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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