Form D On Watch: Synconset Technologies $1.50 million Fundraising. Alexander LoVerde Published Nov 15 Filing

Technology Synconset Technologies, Inc. - Alexander LoVerde

Synconset Technologies Financing

Synconset Technologies, Inc., Corporation just released form D about $1.50 million equity financing. This is a new filing. Synconset Technologies was able to sell $800,000 so far. That is 53.33% of the fundraising offer. The total offering amount was $1.50 million. The private financing document was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $700,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Synconset Technologies is based in Massachusetts. The company’s business is Other Technology. The form was filed by Alexander LoVerde President. The company was incorporated in 2012. The filler’s address is: 66 Long Wharf, Suite 563S, Boston, Ma, Massachusetts, 02110. Alexander Loverde is the related person in the form and it has address: 66 Long Wharf, Suite 563S, Boston, Ma, Massachusetts, 02110. Link to Synconset Technologies Filing: 000159481416000004.

Analysis of Synconset Technologies Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Synconset Technologies sold 53.33% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 48.05% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different reasons and needs. The minimum investment for this offering was set at $0. 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 Synconset Technologies Also

The Form D signed by Alexander LoVerde might help Synconset 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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