Noteworthy Form D Filing: Theia Group $500000 Financing. JAMES HICKEY Released Nov 22 Form D

Technology Theia Group, Inc - JAMES HICKEY

Theia Group Financing

Theia Group, Inc, Corporation just filed form D about $500,000 equity and debt financing. This is a new filing. Theia Group was able to sell $500,000. That is 100.00% of the round of financing. The total private offering amount was $500,000. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified.

Theia Group is based in Alabama. The filler’s business is Other Technology. The SEC form was submitted by JAMES HICKEY GENERAL COUNSEL AND SECRETARY. The company was incorporated in 2015. The filler’s address is: 1600 Market Street, Suite 1320, Philadelphia, Pa, Pennsylvania, 19103. James Hickey is the related person in the form and it has address: 1600 Market Street, Suite 1320, Philadelphia, Pa, Pennsylvania, 19103. Link to Theia Group Filing: 000169041416000001.

Analysis of Theia Group Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Theia Group sold 100.00% of the offering. Could this mean that the trust in Theia Group is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 67.53% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this financing was 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 Theia Group Also

The Form D signed by JAMES HICKEY might help Theia Group, 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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