Form D Filing: Apptentive $5.00 million Financing. Robi Ganguly Published Nov 28 Filing

Apptentive Inc. - Robi Ganguly

Apptentive Financing

Apptentive Inc., Corporation just released form D for $5.00 million equity financing. This is a new filing. Apptentive was able to sell $3.60 million so far. That is 72.00% of the fundraising offer. The total private financing amount was $5.00 million. The offering form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $1.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Apptentive is based in Washington. The filler’s business is not disclosed. The SEC form was filed by Robi Ganguly CEO. The company was incorporated more than five years ago. The filler’s address is: 24 Roy Street, #440, Seattle, Wa, Washington, 98109. Robindranath “Robi” Ganguly is the related person in the form and it has address: 24 Roy Street, #440, Seattle, Wa, Washington, 98109. Link to Apptentive Filing: 000155358316000001.

Analysis of Apptentive Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Apptentive sold 72.00% of the offering. The financing is still open. Could this mean that the trust in Apptentive is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The total amount raised is 18.03% 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 Apptentive Also

The Form D signed by Robi Ganguly might help Apptentive 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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