Logshero Ltd., Corporation just had published form D because of $15.60 million equity financing. This is a new filing. Logshero was able to sell $15.60 million. That is 100.00% of the offering. The total private offering amount was $15.60 million. The fundraising form was filed on 2016-11-17. The reason for the financing was: unspecified.
Logshero is based in Israel. The company’s business is Other Technology. The form D was filed by Tomer Levy Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 31 Yohanan Horkanos, Tel Aviv, L3, Israel, 6249331. Tomer Levy is the related person in the form and it has address: C/O Logshero Ltd., 31 Yohanan Horkanos, Tel Aviv, L3, Israel, 6249331. Link to Logshero Filing: 000169036716000001.
Analysis of Logshero Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Logshero sold 100.00% of the offering. Could this mean that the trust in Logshero is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 912.99% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Logshero Also
The Form D signed by Tomer Levy might help Logshero Ltd.’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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