Termscout Inc., Corporation just released form D announcing $3.26 million equity financing. This is a new filing. Termscout was able to fundraise $2.01 million so far. That is 61.60% of the offering. The total private financing amount was $3.26 million. The form was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $1.25 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Termscout is based in Colorado. The firm’s business is not disclosed. The SEC form was submitted by Chris Silvestri President and CEO. The company was incorporated in 2013. The filler’s address is: 726 Front Street, Suite A, Louisville, Co, Colorado, 80027. Chris Silvestri is the related person in the form and it has address: 726 Front Street, Suite A, Louisville, Co, Colorado, 80027. Link to Termscout Filing: 000160944116000003.
Analysis of Termscout Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Termscout sold 61.60% of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 34.25% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups get financed for different needs and reasons. 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 Termscout Also
The Form D signed by Chris Silvestri might help Termscout 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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