Trizic, Inc., Corporation just filed form D regarding $2.00 million debt financing. The date of first sale was 2016-08-25. Trizic was able to finance itself with $1.00 million so far. That is 50.00% of the fundraising. The total private financing amount was $2.00 million. The form was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Trizic is based in California. The filler’s business is Computers. The form D was filed by Drew Sievers President. The company was incorporated in 2014. The filler’s address is: 101 Lucas Valley Road, Suite 302, San Rafael, Ca, California, 94903. Drew Sievers is the related person in the form and it has address: 101 Lucas Valley Road, Suite 302, San Rafael, Ca, California, 94903. Link to Trizic Filing: 000163581616000006.
Analysis of Trizic Offering
On average, companies in the Computers sector, sell 85.30% of the total offering amount. Trizic sold 50.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Computers industry is $130,000. The total amount raised is 669.23% bigger than the average for companies in the Computers sector. The minimum investment for this financing 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 Trizic Also
The Form D signed by Drew Sievers might help Trizic, 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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