Ubiome, Inc., Corporation just filed form D because of $17.17 million equity financing. This is a new filing. Ubiome was able to fundraise $17.17 million. That is 100.00% of the offering. The total financing amount was $17.17 million. The offering form was filed on 2016-11-29. The reason for the financing was: unspecified.
Ubiome is based in California. The company’s business is Other Technology. The SEC form was signed by Jessica Richman Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 360 Langton Street #301, San Francisco, Ca, California, 94103. Jessica Richman is the related person in the form and it has address: 360 Langton Street #301, San Francisco, Ca, California, 94103. Link to Ubiome Filing: 000169090416000001.
Analysis of Ubiome Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Ubiome sold 100.00% of the offering. Could this mean that the trust in Ubiome is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,014.82% 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 Ubiome Also
The Form D signed by Jessica Richman might help Ubiome, 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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