Today’s Form D On Watch: Indico Data Solutions $1.25 million Financing. Slater Victoroff Released Nov 15 D Filing

Indico Data Solutions Inc - Slater Victoroff

Indico Data Solutions Financing

Indico Data Solutions Inc, Corporation just had published form D about $1.25 million equity financing. This is a new filing. Indico Data Solutions was able to sell $1.23 million. That is 98.29% of the offering. The total fundraising amount was $1.25 million. The offering form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $21,392 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Indico Data Solutions is based in Alabama. The filler’s business is not disclosed. The form was submitted by Slater Victoroff CEO. The company was incorporated in 2013. The filler’s address is: 129 South St, Boston, Ma, Massachusetts, 02111. Slater Victoroff is the related person in the form and it has address: C/O Indico Data Solutions Inc., 129 South St, Boston, Ma, Massachusetts, 02210. Link to Indico Data Solutions Filing: 000162604416000001.

Analysis of Indico Data Solutions Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Indico Data Solutions sold 98.29% of the offering. The fundraising is still open. Could this mean that the trust in Indico Data Solutions is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 59.67% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for a variety of reasons and needs. 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 Indico Data Solutions Also

The Form D signed by Slater Victoroff might help Indico Data Solutions 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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