Clearcover, Inc., Corporation just filed form D because of $2.50 million equity financing. This is a new filing. Clearcover was able to finance itself with $2.50 million. That is 100.00% of the fundraising. The total financing amount was $2.50 million. The financing document was filed on 2016-11-15. The reason for the financing was: unspecified.
Clearcover is based in Illinois. The firm’s business is Other Technology. The form D was filed by Kyle J Nakatsuji President and CEO. The company was incorporated in 2016. The filler’s address is: 320 West Ohio Street, #2W, Chicago, Il, Illinois, 60654. Kyle J. Nakatsuji is the related person in the form and it has address: 320 West Ohio Street, #2W, Chicago, Il, Illinois, 60654. Link to Clearcover Filing: 000169007316000001.
Analysis of Clearcover Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Clearcover sold 100.00% of the offering. Could this mean that the trust in Clearcover is high? The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 62.34% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Clearcover Also
The Form D signed by Kyle J Nakatsuji might help Clearcover, 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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