Perch Interactive Financing
Perch Interactive, Inc., Corporation just had published form D about $1.50 million equity financing. This is a new filing. Perch Interactive was able to finance itself with $999,999 so far. That is 66.67% of the offering. The total offering amount was $1.50 million. The fundraising form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Perch Interactive is based in New York. The filler’s business is Other Technology. The SEC form was filed by Jared Schiffman President. The company was incorporated in 2012. The filler’s address is: 265 Canal Street, #603, New York, Ny, New York, 10013. Jared Schiffman is the related person in the form and it has address: C/O Perch Interactive, Inc., 265 Canal Street, Suite 603, New York, Ny, New York, 10013. Link to Perch Interactive Filing: 000123191916000069.
Analysis of Perch Interactive Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Perch Interactive sold 66.67% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 35.07% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising is 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 Perch Interactive Also
The Form D signed by Jared Schiffman might help Perch Interactive, 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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