Sinnovita, Inc., Corporation just submitted form D about $500,000 debt financing. This is a new filing. Sinnovita was able to finance itself with $500,000. That is 100.00% of the offering. The total fundraising amount was $500,000. The offering form was filed on 2016-11-22. The reason for the financing was: unspecified.
Sinnovita is based in North Carolina. The firm’s business is not disclosed. The D form was submitted by Andrew Fisher Attorney in Fact. The company was incorporated in 2016. The filler’s address is: 2609 Discovery Drive, Suite 115, Raleigh, Nc, North Carolina, 27616. Michael Druga is the related person in the form and it has address: 2609 Discovery Drive, Suite 115, Raleigh, Nc, North Carolina, 27616. Link to Sinnovita Filing: 000169062816000001.
Analysis of Sinnovita Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Sinnovita sold 100.00% of the offering. Could this mean that the trust in Sinnovita is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 83.61% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this financing 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 Sinnovita Also
The Form D signed by Andrew Fisher might help Sinnovita, 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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