Pypestream Inc., Corporation just submitted form D about $3.50 million equity financing. This is a new filing. Pypestream was able to finance itself with $20,765 so far. That is 0.59% of the fundraising offer. The total fundraising amount was $3.50 million. The fundraising form was filed on 2016-11-17. The reason for the financing was: None of the funds have been allocated to pay any executives or employees. The purpose of the offering is to raise funds for capital purposes.. The fundraising still has about $3.48 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pypestream is based in New York. The firm’s business is Other Technology. The SEC form was submitted by Seth Akabas Assistant Secretary. The company was incorporated in 2015. The filler’s address is: 121 W27th Street, Ste 701, New York, Ny, New York, 10001. Richard Smullen is the related person in the form and it has address: 121 W27th Street, Ste 701, New York, Ny, New York, 10001. Link to Pypestream Filing: 000165302516000006.
Analysis of Pypestream Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Pypestream sold 0.59% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 98.65% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $20765. 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 Pypestream Also
The Form D signed by Seth Akabas might help Pypestream 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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