Palantir Technologies Financing
Palantir Technologies Inc., Corporation just submitted form D regarding $20.00 million equity financing. This is a new filing. Palantir Technologies was able to fundraise $20.00 million. That is 100.00% of the round of financing. The total offering amount was $20.00 million. The fundraising form was filed on 2016-11-23. The reason for the financing was: unspecified.
Palantir Technologies is based in California. The filler’s business is Other Technology. The D form was submitted by Colin Anderson Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 100 Hamilton Avenue, Suite 300, Palo Alto, Ca, California, 94301. Alexander Karp is the related person in the form and it has address: 100 Hamilton Ave Suite 300, Palo Alto, Ca, California, 94301. Link to Palantir Technologies Filing: 000132165516000005.
Analysis of Palantir Technologies Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Palantir Technologies sold 100.00% of the offering. Could this mean that the trust in Palantir Technologies is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,198.70% 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 Palantir Technologies Also
The Form D signed by Colin Anderson might help Palantir Technologies 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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