Processunity, Inc., Corporation just had published form D regarding $5.98 million equity and debt financing. The date of first sale was 2016-02-22. Processunity was able to sell $5.98 million. That is 100.00% of the round of financing. The total fundraising amount was $5.98 million. The offering form was filed on 2016-11-11. The reason for the financing was: REFLECTS AGGREGATE PRINCIPAL AMOUNT OF DEBT AND AGGREGATE EXERCISE PRICE OF WARRANTS..
Processunity is based in Massachusetts. The firm’s business is Other Technology. The D form was signed by TODD A STONE CEO. The company was incorporated more than five years ago. The filler’s address is: 33 Bradford Street, Concord, Ma, Massachusetts, 01742. Todd A. Stone is the related person in the form and it has address: C/O Processunity, Inc., 33 Bradford Street, Concord, Ma, Massachusetts, 01742. Link to Processunity Filing: 000128406616000008.
Analysis of Processunity Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Processunity sold 100.00% of the offering. Could this mean that the trust in Processunity is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 288.31% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is 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 Processunity Also
The Form D signed by TODD A STONE might help Processunity, 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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