Blue Spark Technologies Financing
Blue Spark Technologies, Inc., Corporation just had published form D regarding $7.08 million equity financing. The date of first sale was 2015-08-19. Blue Spark Technologies was able to sell $3.97 million so far. That is 56.06% of the round of financing. The total financing amount was $7.08 million. The private financing document was filed on 2016-11-29. The reason for the financing was: The total offering amount and total amount sold include Series D preferred stock, warrants to purchase Series D preferred stock, and warrants to purchase $79,992 of Series C preferred stock.. The fundraising still has about $3.11 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Blue Spark Technologies is based in Ohio. The filler’s business is Other Technology. The form was signed by John Gannon President and CEO. The company was incorporated more than five years ago. The filler’s address is: 806 Sharon Drive, Suite G, Westlake, Oh, Ohio, 44145. John Gannon is the related person in the form and it has address: 806 Sharon Drive, Suite G, Westlake, Oh, Ohio, 44145. Link to Blue Spark Technologies Filing: 000139771416000003.
Analysis of Blue Spark Technologies Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Blue Spark Technologies sold 56.06% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 157.71% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $25000. 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 Blue Spark Technologies Also
The Form D signed by John Gannon might help Blue Spark Technologies, 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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