Avidxchange, Inc., Corporation just released form D regarding $14.50 million equity financing. This is a new filing. Avidxchange was able to finance itself with $14.50 million. That is 100.00% of the fundraising offer. The total private offering amount was $14.50 million. The fundraising form was filed on 2016-11-28. The reason for the financing was: See Item 15. The sales commission is payable to an entity affiliated with Mr. McLaughlin, a member of the company’s board of directors..
Avidxchange is based in North Carolina. The company’s business is Business Services. The form D was signed by Ryan M Stahl Deputy General Counsel, Vice President. The company was incorporated more than five years ago. The filler’s address is: 1111 Metropolitan Avenue, Suite 650, Charlotte, Nc, North Carolina, 28204. Michael Praeger is the related person in the form and it has address: 1111 Metropolitan Avenue, Suite 650, Charlotte, Nc, North Carolina, 28204. Link to Avidxchange Filing: 000111756516000005.
Analysis of Avidxchange Offering
On average, companies in the Business Services sector, sell 69.04% of the total offering amount. Avidxchange sold 100.00% of the offering. Could this mean that the trust in Avidxchange is high? The average fundraising amount for companies in the Business Services industry is $583,000. The total amount raised is 2,387.14% bigger than the average for companies in the Business Services sector. The minimum investment for this offering is 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 Avidxchange Also
The Form D signed by Ryan M Stahl might help Avidxchange, 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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