Noteworthy Form D Filing: Professional Diversity Network $17.06 million Financing. Christopher Wesser Filed Nov 15 SEC form

Computers Professional Diversity Network, Inc. - Christopher Wesser

Professional Diversity Network Financing

Professional Diversity Network, Inc., Corporation just released form D about $17.06 million equity financing. This is a new filing. Professional Diversity Network was able to fundraise $17.06 million. That is 100.00% of the financing offer. The total private offering amount was $17.06 million. The private financing document was filed on 2016-11-15. The reason for the financing was: unspecified.

Professional Diversity Network is based in Illinois. The firm’s business is Computers. The form D was filed by Christopher Wesser General Counsel and Secretary. The company was incorporated in 2012. The filler’s address is: 801 W. Adams Street, Suite 600, Chicago, Il, Illinois, 60607. Katherine Butkevich is the related person in the form and it has address: 801 W. Adams Street, Suite 600, Chicago, Il, Illinois, 60607. Link to Professional Diversity Network Filing: 000121465916014731.

Analysis of Professional Diversity Network Offering

On average, firms in the Computers sector, sell 85.30% of the total offering amount. Professional Diversity Network sold 100.00% of the offering. Could this mean that the trust in Professional Diversity Network is high? The average fundraising size for companies in the Computers industry is $130,000. The total amount raised is 13,025.54% bigger than the average for companies in the Computers sector. 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 Professional Diversity Network Also

The Form D signed by Christopher Wesser might help Professional Diversity Network, 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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