Buildpulse Inc., Corporation just submitted form D because of $1.80 million equity financing. This is a new filing. Buildpulse was able to sell $1.80 million. That is 99.96% of the fundraising. The total private financing amount was $1.80 million. This form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $720 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Buildpulse is based in Washington. The filler’s business is Other Technology. The D form was signed by Brice Kosnik President & CEO. The company was incorporated in 2014. The filler’s address is: 605 1St Ave Ste 220, Seattle, Wa, Washington, 98104. Jason Burt is the related person in the form and it has address: C/O Buildpulse Inc., 605 First Ave, Ste 200, Seattle, Wa, Washington, 98104. Link to Buildpulse Filing: 000169031816000001.
Analysis of Buildpulse Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Buildpulse sold 99.96% of the offering. The financing is still open. Could this mean that the trust in Buildpulse is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 16.84% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is 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 Buildpulse Also
The Form D signed by Brice Kosnik might help Buildpulse 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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