Pensievision, Inc., Corporation just submitted form D about $200,000 equity financing. This is a new filing. Pensievision was able to fundraise $100,000 so far. That is 50.00% of the financing offer. The total private financing amount was $200,000. This form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $100,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pensievision is based in California. The filler’s business is Other Technology. The form D was signed by Benjamin Carson Secretary. The company was incorporated in 2015. The filler’s address is: 5820 Oberlin Drive, Suite 109, San Diego, Ca, California, 92121. Joseph Carson is the related person in the form and it has address: 445 Lydia Drive, Charleston, Sc, South Carolina, 28412. Link to Pensievision Filing: 000169040216000002.
Analysis of Pensievision Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Pensievision sold 50.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 93.51% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for different reasons and needs. The minimum investment for this offering was set at $0. 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 Pensievision Also
The Form D signed by Benjamin Carson might help Pensievision, 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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