Ambi, Inc., Corporation just released form D about $375,000 equity financing. This is a new filing. Ambi was able to sell $250,000 so far. That is 66.67% of the offering. The total private financing amount was $375,000. The form was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $125,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Ambi is based in Massachusetts. The filler’s business is Other Technology. The SEC form was signed by Saad El Yamani President. The company was incorporated in 2015. The filler’s address is: 10 Glassworks Avenue, Unit 401, Cambridge, Ma, Massachusetts, 02141. Soham Khaitan is the related person in the form and it has address: 10 Glassworks Avenue, Unit 401, Cambridge, Ma, Massachusetts, 02141. Link to Ambi Filing: 000169035916000001.
Analysis of Ambi Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Ambi sold 66.67% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 83.77% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this financing was set at $62500. 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 Ambi Also
The Form D signed by Saad El Yamani might help Ambi, 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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