Form D Worth Watching: Rhumbix $6.26 million Fundraising. Zachary Scheel Published Nov 30 Form D

Technology Rhumbix, Inc. - Zachary Scheel

Rhumbix Financing

Rhumbix, Inc., Corporation just had published form D for $6.26 million equity financing. This is a new filing. Rhumbix was able to fundraise $6.24 million. That is 99.60% of the fundraising offer. The total private offering amount was $6.26 million. The fundraising form was filed on 2016-11-30. The reason for the financing was: Total amount of offering includes 39,499 shares of common stock and 8,470,061 shares of preferred stock.. The fundraising still has about $24,999 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Rhumbix is based in California. The firm’s business is Other Technology. The SEC form was signed by Zachary Scheel President. The company was incorporated in 2014. The filler’s address is: 1169 Howard St, San Francisco, Ca, California, 94103. Zachary Scheel is the related person in the form and it has address: 1169 Howard St, San Francisco, Ca, California, 94103. Link to Rhumbix Filing: 000165211716000003.

Analysis of Rhumbix Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Rhumbix sold 99.60% of the offering. The financing is still open. Could this mean that the trust in Rhumbix is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 305.06% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Rhumbix Also

The Form D signed by Zachary Scheel might help Rhumbix, 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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