Form D Worth Watching: Sightbox $1.47 million Fundraising. Travis Rush Submitted Nov 18 Form D

Technology Sightbox, Inc. - Travis Rush

Sightbox Financing

Sightbox, Inc., Corporation just released form D about $1.47 million equity financing. This is a new filing. Sightbox was able to sell $1.00 million so far. That is 68.00% of the round of financing. The total private offering amount was $1.47 million. The fundraising form was filed on 2016-11-18. The reason for the financing was: unspecified. The fundraising still has about $470,663 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Sightbox is based in Oregon. The company’s business is Other Technology. The form D was signed by Travis Rush Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 10117 Se Sunnyside Rd, Suite F1110, Clackamas, Or, Oregon, 970157708. Travis Rush is the related person in the form and it has address: 10117 Se Sunnyside Rd., Suite F1110, Clackamas, Or, Oregon, 97015-7708. Link to Sightbox Filing: 000164885416000002.

Analysis of Sightbox Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Sightbox sold 68.00% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 35.06% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this fundraising was 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 Sightbox Also

The Form D signed by Travis Rush might help Sightbox, 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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