Form D of The Day: Kinvey $14.15 million Fundraising. Sravish Sridhar Released Nov 15 form

Technology Kinvey, Inc. - Sravish Sridhar

Kinvey Financing

Kinvey, Inc., Corporation just filed form D for $14.15 million equity financing. This is a new filing. Kinvey, Inc. is expected to sell $14.15 million in this offering. The total offering amount was $14.15 million. This form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $14.15 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Kinvey is based in Massachusetts. The firm’s business is Other Technology. The SEC form was filed by Sravish Sridhar Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 99 Summer Street, Suite 1500, Boston, Ma, Massachusetts, 02110. Sravish Sridhar is the related person in the form and it has address: C/O Kinvey, Inc., 99 Summer Street, Suite 1500, Boston, Ma, Massachusetts, 02110. Link to Kinvey Filing: 000152579016000001.

Analysis of Kinvey Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Kinvey sold 0.00% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this financing 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 Kinvey Also

The Form D signed by Sravish Sridhar might help Kinvey, 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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