Form D Filing: Codepops $900000 Fundraising. Scott Lininger Released Nov 28 Form D

Technology Codepops, Inc. - Scott Lininger

Codepops Financing

Codepops, Inc., Corporation just released form D announcing $900,000 debt financing. The date of first sale was 2016-07-19. Codepops was able to fundraise $735,000. That is 81.67% of the financing round. The total offering amount was $900,000. The financing form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $165,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Codepops is based in Colorado. The filler’s business is Other Technology. The D form was filed by Scott Lininger President and CEO. The company was incorporated in 2014. The filler’s address is: 3080 Valmont Road, Suite 200, Boulder, Co, Colorado, 80301. Scott Lininger is the related person in the form and it has address: 3080 Valmont Road, Suite 200, Boulder, Co, Colorado, 80301. Link to Codepops Filing: 000165087716000005.

Analysis of Codepops Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Codepops sold 81.67% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 52.27% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for different needs and reasons. 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 Codepops Also

The Form D signed by Scott Lininger might help Codepops, 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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