Form D Report: Trax Data Refinery $12.00 million Financing. Donald Baptiste Released Nov 22 Form D

Trax Data Refinery, Inc. - Donald Baptiste

Trax Data Refinery Financing

Trax Data Refinery, Inc., Corporation just released form D because of $12.00 million equity financing. This is a new filing. Trax Data Refinery was able to finance itself with $5.00 million so far. That is 41.67% of the financing offer. The total financing amount was $12.00 million. This form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $7.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Trax Data Refinery is based in Arizona. The company’s business is not disclosed. The SEC form was signed by Donald Baptiste CEO. The company was incorporated in 2015. The filler’s address is: 14500 N. Northsight Blvd., Suite 113, Scottsdale, Az, Arizona, 85260. Donald Baptiste is the related person in the form and it has address: 14500 N. Northsight Blvd., Suite 113, Scottsdale, Az, Arizona, 85260. Link to Trax Data Refinery Filing: 000169091116000001.

Analysis of Trax Data Refinery Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Trax Data Refinery sold 41.67% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The total amount raised is 63.93% bigger than the average for companies in the database. The minimum investment for this fundraising is set at $1000. 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 Trax Data Refinery Also

The Form D signed by Donald Baptiste might help Trax Data Refinery, 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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