Form D Flow: Agile Devices $500000 Financing. Benjamin Merewitz Published Nov 17 Filing

Agile Devices, Inc. - Benjamin Merewitz

Agile Devices Financing

Agile Devices, Inc., Corporation just released form D for $500,000 debt financing. This is a new filing. Agile Devices was able to fundraise $115,000 so far. That is 23.00% of the fundraising. The total fundraising amount was $500,000. The offering form was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $385,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Agile Devices is based in Massachusetts. The firm’s business is not disclosed. The D form was filed by Benjamin Merewitz President. The company was incorporated in 2013. The filler’s address is: 201 Pearl Street, Unit 2, Cambridge, Ma, Massachusetts, 02139. Benjamin Merewitz is the related person in the form and it has address: Agile Devices, Inc., 201 Pearl Street, Unit 2, Cambridge, Ma, Massachusetts, 02139. Link to Agile Devices Filing: 000166093316000004.

Analysis of Agile Devices Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Agile Devices sold 23.00% of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 96.23% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this financing was 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 Agile Devices Also

The Form D signed by Benjamin Merewitz might help Agile Devices, 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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