Tracelink, Inc., Corporation just had published form D because of $51.50 million equity financing. This is a new filing. Tracelink was able to sell $51.50 million. That is 100.00% of the offering. The total private offering amount was $51.50 million. The financing form was filed on 2016-11-30. The reason for the financing was: unspecified.
Tracelink is based in Massachusetts. The company’s business is Other Technology. The form D was signed by Michael Mozzer Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 400 Riverpark Drive, Suite 200, North Reading, Ma, Massachusetts, 01864. Shabbir Dahod is the related person in the form and it has address: C/O Tracelink, Inc., 400 Riverpark Drive, Suite 200, North Reading, Ma, Massachusetts, 01864. Link to Tracelink Filing: 000162525716000227.
Analysis of Tracelink Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Tracelink sold 100.00% of the offering. Could this mean that the trust in Tracelink is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 3,244.16% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $394738. 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 Tracelink Also
The Form D signed by Michael Mozzer might help Tracelink, 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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