Tealium Inc., Corporation just filed form D regarding $15.00 million equity financing. The date of first sale was 2016-09-07. Tealium was able to finance itself with $15.00 million. That is 100.00% of the fundraising offer. The total financing amount was $15.00 million. The financing form was filed on 2016-11-14. The reason for the financing was: unspecified.
Tealium is based in California. The firm’s business is Other Technology. The form D was filed by Doug Lindroth Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 11095 Torreyana Rd., San Diego, Ca, California, 92121. Neeraj Agrawal is the related person in the form and it has address: C/O Tealium Inc., 11095 Torreyana Road, San Diego, Ca, California, 92121. Link to Tealium Filing: 000114036116086636.
Analysis of Tealium Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Tealium sold 100.00% of the offering. Could this mean that the trust in Tealium is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 874.03% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Tealium Also
The Form D signed by Doug Lindroth might help Tealium 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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