Sqoop, Inc., Corporation just had published form D for $175,000 debt financing. The date of first sale was 2015-10-30. Sqoop was able to finance itself with $81,000 so far. That is 46.29% of the fundraising offer. The total fundraising amount was $175,000. The financing document was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $94,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sqoop is based in Alabama. The company’s business is Other Technology. The form was filed by William J Hankes CEO. The company was incorporated in 2013. The filler’s address is: 7404 92Nd Pl Se, Mercer Island, Wa, Washington, 98040. William J. Hankes is the related person in the form and it has address: 7404 92Nd Place Se, Mercer Island, Wa, Washington, 98040. Link to Sqoop Filing: 000161557816000003.
Analysis of Sqoop Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Sqoop sold 46.29% 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 94.74% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. The minimum investment for this fundraising was 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 Sqoop Also
The Form D signed by William J Hankes might help Sqoop, 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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