Digital Sandbox Financing
Digital Sandbox, Inc., Corporation just released form D about $4.00 million equity financing. This is a new filing. Digital Sandbox was able to fundraise $4.00 million. That is 100.00% of the financing offer. The total fundraising amount was $4.00 million. The form was filed on 2016-11-29. The reason for the financing was: unspecified.
Digital Sandbox is based in Illinois. The company’s business is Other Technology. The SEC form was submitted by Gerald Saltarelli Vice Chairman, Secretary and Treasurer. The company was incorporated more than five years ago. The filler’s address is: 8251 Greensboro Drive, Suite 1000, Mclean, Va, Virginia, 22102. Bryan S Ware is the related person in the form and it has address: 8251 Greensboro Drive, Suite 1000, Mclean, Va, Virginia, 22102. Link to Digital Sandbox Filing: 000091384916000692.
Analysis of Digital Sandbox Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Digital Sandbox sold 100.00% of the offering. Could this mean that the trust in Digital Sandbox is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 159.74% 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 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 Digital Sandbox Also
The Form D signed by Gerald Saltarelli might help Digital Sandbox, 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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