Nexosis, Inc., Corporation just submitted form D for $5.06 million equity financing. This is a new filing. Nexosis was able to sell $5.06 million. That is 100.00% of the round of financing. The total fundraising amount was $5.06 million. The private financing document was filed on 2016-11-29. The reason for the financing was: A portion of the total amount sold includes conversion of outstanding convertible promissory notes..
Nexosis is based in Ohio. The filler’s business is Other Technology. The form D was submitted by Ryan Sevey President. The company was incorporated in 2015. The filler’s address is: 579 Executive Campus Drive, Suite 310, Westerville, Oh, Ohio, 43082. Ryan Sevey is the related person in the form and it has address: C/O Nexosis, Inc., 579 Executive Campus Drive, Suite 310, Westerville, Oh, Ohio, 43082. Link to Nexosis Filing: 000164537116000008.
Analysis of Nexosis Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Nexosis sold 100.00% of the offering. Could this mean that the trust in Nexosis is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 228.84% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Nexosis Also
The Form D signed by Ryan Sevey might help Nexosis, 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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