Form D Worth Watching: Superflex $10.00 million Financing. Richard Mahoney Submitted Nov 28 Form D

Technology Superflex, Inc. - Richard Mahoney

Superflex Financing

Superflex, Inc., Corporation just released form D about $10.00 million equity financing. This is a new filing. Superflex was able to finance itself with $10.00 million. That is 100.00% of the financing round. The total financing amount was $10.00 million. The private financing document was filed on 2016-11-28. The reason for the financing was: unspecified.

Superflex is based in Alabama. The firm’s business is Other Technology. The form D was submitted by Richard Mahoney President. The company was incorporated in 2015. The filler’s address is: 447 Benvenue Avenue, Los Altos, Ca, California, 94024. Richard Mahoney is the related person in the form and it has address: 447 Benvenue Avenue, Los Altos, Ca, California, 94024. Link to Superflex Filing: 000169054516000001.

Analysis of Superflex Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Superflex sold 100.00% of the offering. Could this mean that the trust in Superflex is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 549.35% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Superflex Also

The Form D signed by Richard Mahoney might help Superflex, 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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