States Title Financing
States Title, Inc., Corporation just had published form D because of $10.30 million equity financing. This is a new filing. States Title was able to fundraise $10.22 million. That is 99.17% of the financing offer. The total private financing amount was $10.30 million. The financing form was filed on 2016-11-25. The reason for the financing was: unspecified. The fundraising still has about $85,105 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
States Title is based in California. The filler’s business is Other Technology. The form was submitted by Max Simkoff Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 717 Guerrero Street, San Francisco, Ca, California, 94110. Max Simkoff is the related person in the form and it has address: 717 Guerrero Street, San Francisco, Ca, California, 94110. Link to States Title Filing: 000169049316000001.
Analysis of States Title Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. States Title sold 99.17% of the offering. The financing is still open. Could this mean that the trust in States Title is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 563.32% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 States Title Also
The Form D signed by Max Simkoff might help States Title, 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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