Sense Labs Financing
Sense Labs, Inc., Corporation just filed form D announcing $15.00 million equity financing. The date of first sale was 2016-08-19. Sense Labs was able to sell $15.00 million. That is 100.00% of the financing round. The total private financing amount was $15.00 million. The private financing document was filed on 2016-11-23. The reason for the financing was: unspecified.
Sense Labs is based in Massachusetts. The firm’s business is not disclosed. The SEC form was filed by Michael Phillips President. The company was incorporated in 2013. The filler’s address is: 131 Mount Auburn Street, Cambridge, Ma, Massachusetts, 02138. Michael Phillips is the related person in the form and it has address: 131 Mount Auburn Street, Cambridge, Ma, Massachusetts, 02138. Link to Sense Labs Filing: 000114036116087691.
Analysis of Sense Labs Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Sense Labs sold 100.00% of the offering. Could this mean that the trust in Sense Labs is high? The average offering amount for companies in all industries in our database is $3.05 million. The total amount raised is 391.80% bigger than the average for companies in the database. The minimum investment for this fundraising 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 Sense Labs Also
The Form D signed by Michael Phillips might help Sense Labs, 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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