Form D Watching: Revolutionary Security $5.00 million Fundraising. Richard Cline Released Nov 29 form

Technology Revolutionary Security Llc - Richard Cline

Revolutionary Security Financing

Revolutionary Security Llc, Limited Liability Company just filed form D for $5.00 million equity financing. This is a new filing. Revolutionary Security was able to fundraise $2.50 million so far. That is 50.00% of the offering. The total offering amount was $5.00 million. The financing document was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $2.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Revolutionary Security is based in Pennsylvania. The company’s business is Other Technology. The form D was submitted by Richard Cline Vice President of Operations. The company was incorporated in 2016. The filler’s address is: 60 Bennett Drive, Doylestown, Pa, Pennsylvania, 18901. Richard Mahler is the related person in the form and it has address: 60 Bennett Drive, Doylestown, Pa, Pennsylvania, 18901. Link to Revolutionary Security Filing: 000169063516000001.

Analysis of Revolutionary Security Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Revolutionary Security sold 50.00% 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 total amount raised is 62.34% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Revolutionary Security Also

The Form D signed by Richard Cline might help Revolutionary Security Llc’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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