Form D Watching: Link Labs $10.88 million Financing. Robert Proctor Released Nov 15 SEC Form

Technology Link Labs, Inc. - Robert Proctor

Link Labs Financing

Link Labs, Inc., Corporation just submitted form D because of $10.88 million equity financing. This is a new filing. Link Labs was able to sell $2.24 million so far. That is 20.59% of the round of financing. The total private offering amount was $10.88 million. The offering form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $8.64 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Link Labs is based in Maryland. The company’s business is Other Technology. The form was signed by Robert Proctor President & Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 130 Holiday Court, Suite 100, Annapolis, Md, Maryland, 21401. Brian E. Ray is the related person in the form and it has address: 130 Holiday Court, Suite 100, Annapolis, Md, Maryland, 21401. Link to Link Labs Filing: 000165159016000002.

Analysis of Link Labs Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Link Labs sold 20.59% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 45.47% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was set at $0. If you know more about the reasons for the fundraising, 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 Link Labs Also

The Form D signed by Robert Proctor might help Link Labs, 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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