Form D: Texzon Technologies $8.92 million Fundraising. Keith S Lennon Released Nov 28 Form D

Technology Texzon Technologies, Llc - Keith S Lennon

Texzon Technologies Financing

Texzon Technologies, Llc, Limited Liability Company just submitted form D because of $8.92 million equity financing. The date of first sale was 2016-11-09. Texzon Technologies was able to finance itself with $8.92 million. That is 100.00% of the fundraising offer. The total fundraising amount was $8.92 million. This form was filed on 2016-11-28. The reason for the financing was: unspecified.

Texzon Technologies is based in Texas. The company’s business is Other Technology. The form was signed by Keith S Lennon COO/CFO; Manager. The company was incorporated in 2013. The filler’s address is: 100 Chambers Circle, Waxahachie, Tx, Texas, 75165. Keith S. Lennon is the related person in the form and it has address: 100 Chambers Circle, Suite 1010, Waxahachie, Tx, Texas, 75165. Link to Texzon Technologies Filing: 000168458616000003.

Analysis of Texzon Technologies Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Texzon Technologies sold 100.00% of the offering. Could this mean that the trust in Texzon Technologies is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 479.22% 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 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 Texzon Technologies Also

The Form D signed by Keith S Lennon might help Texzon Technologies, Llc’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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