Treasure Data Financing
Treasure Data, Inc., Corporation just had published form D announcing $25.00 million equity financing. The date of first sale was 2016-05-31. Treasure Data was able to fundraise $24.71 million. That is 98.82% of the fundraising. The total private financing amount was $25.00 million. The offering form was filed on 2016-11-16. The reason for the financing was: unspecified. The fundraising still has about $294,652 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Treasure Data is based in California. The firm’s business is Other Technology. The SEC form was submitted by Hironobu Yoshikawa President. The company was incorporated in 2011. The filler’s address is: 2565 Leghorn Street, Mountain View, Ca, California, 94303. Hironobu Yoshikawa is the related person in the form and it has address: 2565 Leghorn Street, Mountain View, Ca, California, 94303. Link to Treasure Data Filing: 000158180216000005.
Analysis of Treasure Data Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Treasure Data sold 98.82% of the offering. The financing is still open. Could this mean that the trust in Treasure Data is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,504.24% 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 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 Treasure Data Also
The Form D signed by Hironobu Yoshikawa might help Treasure Data, 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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