Powwow, Inc., Corporation just submitted form D for $4.69 million equity financing. The date of first sale was 2015-12-16. Powwow was able to finance itself with $4.69 million. That is 100.00% of the financing round. The total private financing amount was $4.69 million. The form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $1 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Powwow is based in California. The firm’s business is not disclosed. The form D was submitted by Andrew Cohen Chief Financial Officer. The company was incorporated in 2012. The filler’s address is: 594 Howard Street, Suite 301, San Francisco, Ca, California, 94105. Andrew Cohen is the related person in the form and it has address: 594 Howard Street, Suite 301, San Francisco, Ca, California, 94105. Link to Powwow Filing: 000161958216000006.
Analysis of Powwow Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Powwow sold 100.00% of the offering. The fundraising is still open. Could this mean that the trust in Powwow is high? The average fundraising size for companies in all industries in our database is $3.05 million. The total amount raised is 53.62% bigger than the average for companies in the database. The minimum investment for this offering is set at $1. 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 Powwow Also
The Form D signed by Andrew Cohen might help Powwow, 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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