Xad Inc., Corporation just had published form D about $42.50 million equity financing. This is a new filing. Xad was able to finance itself with $42.50 million. That is 100.00% of the fundraising offer. The total offering amount was $42.50 million. The private financing document was filed on 2016-11-23. The reason for the financing was: unspecified.
Xad is based in New York. The company’s business is Computers. The form was submitted by Dipanshu Sharma Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: One World Trade Center, 60Th Floor, New York, Ny, New York, 10007. Dipanshu Sharma is the related person in the form and it has address: One World Trade Center, 60Th Floor, New York, Ny, New York, 10007. Link to Xad Filing: 000128832016000006.
Analysis of Xad Offering
On average, startups in the Computers sector, sell 85.30% of the total offering size. Xad sold 100.00% of the offering. Could this mean that the trust in Xad is high? The average investment size for companies in the Computers industry is $130,000. The total amount raised is 32,592.31% bigger than the average for companies in the Computers sector. The minimum investment for this fundraising was 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 Xad Also
The Form D signed by Dipanshu Sharma might help Xad 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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