Kahua, Inc., Corporation just submitted form D about $10.00 million equity financing. This is a new filing. Kahua was able to sell $1.24 million so far. That is 12.36% of the fundraising offer. The total financing amount was $10.00 million. The private financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $8.76 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Kahua is based in Georgia. The company’s business is Other Technology. The D form was filed by Kenneth Scott Unger CEO. The company was incorporated more than five years ago. The filler’s address is: 5210 Avalon Boulevard, Alpharetta, Ga, Georgia, 30009. Kenneth Scott Unger is the related person in the form and it has address: 5210 Avalon Boulevard, Alpharetta, Ga, Georgia, 30009. Link to Kahua Filing: 000159507116000006.
Analysis of Kahua Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Kahua sold 12.36% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 19.71% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms get financed 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 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 Kahua Also
The Form D signed by Kenneth Scott Unger might help Kahua, 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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