Heptio Inc., Corporation just filed form D about $8.50 million equity financing. This is a new filing. Heptio was able to fundraise $8.20 million. That is 96.47% of the round of financing. The total financing amount was $8.50 million. The form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $299,999 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Heptio is based in Washington. The filler’s business is Other Technology. The form was submitted by Craig McLuckie CEO & President. The company was incorporated in 2016. The filler’s address is: 999 Third Avenue, Suite 3400, Seattle, Wa, Washington, 98104. Craig Mcluckie is the related person in the form and it has address: 999 Third Avenue, Suite 3400, Seattle, Wa, Washington, 98104. Link to Heptio Filing: 000169064416000001.
Analysis of Heptio Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Heptio sold 96.47% of the offering. The financing is still open. Could this mean that the trust in Heptio is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 432.47% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was set at $0. 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 Heptio Also
The Form D signed by Craig McLuckie might help Heptio 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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