Important Form D Filing: Firepoint Solutions $2.34 million Financing. Chris Tamm Filed Nov 22 D Form

Technology Firepoint Solutions, Inc. - Chris Tamm

Firepoint Solutions Financing

Firepoint Solutions, Inc., Corporation just submitted form D because of $2.34 million equity financing. This is a new filing. Firepoint Solutions was able to fundraise $2.34 million. That is 100.00% of the financing round. The total financing amount was $2.34 million. The private financing document was filed on 2016-11-22. The reason for the financing was: Includes the conversion of existing indebtedness and new purchases..

Firepoint Solutions is based in Alabama. The company’s business is Other Technology. The D form was filed by Chris Tamm CEO. The company was incorporated in 2014. The filler’s address is: 3969 E. Arapahoe Road, Suite 210, Centennial, Co, Colorado, 80122. Chris Tamm is the related person in the form and it has address: 3969 E. Arapahoe Road, Ste. 210, Centennial, Co, Colorado, 80122. Link to Firepoint Solutions Filing: 000166141216000007.

Analysis of Firepoint Solutions Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Firepoint Solutions sold 100.00% of the offering. Could this mean that the trust in Firepoint Solutions is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 52.19% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was set at $2343681. 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 Firepoint Solutions Also

The Form D signed by Chris Tamm might help Firepoint Solutions, 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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