Form D Alert: Mavenlink $39.23 million Financing. Michael Lin Published Nov 17 D Filing

Technology Mavenlink, Inc. - Michael Lin

Mavenlink Financing

Mavenlink, Inc., Corporation just filed form D about $39.23 million equity financing. This is a new filing. Mavenlink was able to sell $39.23 million. That is 100.00% of the financing round. The total fundraising amount was $39.23 million. The financing form was filed on 2016-11-17. The reason for the financing was: unspecified.

Mavenlink is based in California. The company’s business is Other Technology. The D form was filed by Michael Lin Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: 6501 Irvine Center Drive, Suite 250, Irvine, Ca, California, 92618. Raymond Grainger is the related person in the form and it has address: 6501 Irvine Center Drive, Suite 250, Irvine, Ca, California, 92618. Link to Mavenlink Filing: 000153105516000003.

Analysis of Mavenlink Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Mavenlink sold 100.00% of the offering. Could this mean that the trust in Mavenlink is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,447.11% bigger than the average for companies in the Other Technology sector. 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 Mavenlink Also

The Form D signed by Michael Lin might help Mavenlink, 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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