Form D Action: Sparta Software $2.70 million Fundraising. Phil Wagner Released Nov 21 SEC Form

Technology Sparta Software Corp - Phil Wagner

Sparta Software Financing

Sparta Software Corp, Corporation just filed form D regarding $2.70 million equity financing. This is a new filing. Sparta Software was able to finance itself with $2.70 million. That is 100.00% of the financing round. The total fundraising amount was $2.70 million. The financing form was filed on 2016-11-21. The reason for the financing was: unspecified.

Sparta Software is based in California. The filler’s business is Other Technology. The SEC form was signed by Phil Wagner President. The company was incorporated in 2014. The filler’s address is: 165A Consitution Drive, Menlo Park, Ca, California, 94025. Phil Wagner is the related person in the form and it has address: 165A Constitution Drive, Menlo Park, Ca, California, 94025. Link to Sparta Software Filing: 000169056416000001.

Analysis of Sparta Software Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Sparta Software sold 100.00% of the offering. Could this mean that the trust in Sparta Software is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 75.32% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Sparta Software Also

The Form D signed by Phil Wagner might help Sparta Software Corp’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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