Form D Worth Mentioning: Roho Technologies $1.50 million Financing. Chad Torstenson Submitted Oct 30 Form D

Technology Roho Technologies, Inc. - Chad Torstenson

Roho Technologies Financing

Roho Technologies, Inc., Corporation just submitted form D about $1.50 million debt financing. This is a new filing. Roho Technologies was able to fundraise $950,000 so far. That is 63.33% of the fundraising. The total financing amount was $1.50 million. The private financing document was filed on 2016-10-30. The reason for the financing was: unspecified. The fundraising still has about $550,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Roho Technologies is based in Alabama. The company’s business is Other Technology. The SEC form was submitted by Chad Torstenson President, Secretary and Treasurer. The company was incorporated in 2015. The filler’s address is: 145 Hidden Meadow Drive, Waukee, Ia, Iowa, 50263. Chad Torstenson is the related person in the form and it has address: 145 Hidden Meadow Drive, Waukee, Ia, Iowa, 50263. Link to Roho Technologies Filing: 000168950316000001.

Analysis of Roho Technologies Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Roho Technologies sold 63.33% 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 38.31% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies get financed for different reasons and needs. The minimum investment for this fundraising is set at $25000. 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 Roho Technologies Also

The Form D signed by Chad Torstenson might help Roho Technologies, 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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