Sight Machine Financing
Sight Machine, Inc., Corporation just had published form D about $19.54 million equity and debt financing. The date of first sale was 2016-03-04. Sight Machine was able to fundraise $19.54 million. That is 100.00% of the fundraising offer. The total fundraising amount was $19.54 million. The financing form was filed on 2016-11-30. The reason for the financing was: unspecified.
Sight Machine is based in California. The filler’s business is Other Technology. The D form was submitted by Ken Chow Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: 300 Broadway, Suite 28, San Francisco, Ca, California, 94133. Jon Sobel is the related person in the form and it has address: 300 Broadway, Suite #28, San Francisco, Ca, California, 94133. Link to Sight Machine Filing: 000157836616000005.
Analysis of Sight Machine Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Sight Machine sold 100.00% of the offering. Could this mean that the trust in Sight Machine is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,168.60% 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 Sight Machine Also
The Form D signed by Ken Chow might help Sight Machine, 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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