Sendgrid, Inc., Corporation just submitted form D because of $32.93 million equity financing. This is a new filing. Sendgrid was able to fundraise $32.93 million. That is 100.00% of the fundraising offer. The total offering amount was $32.93 million. The private financing document was filed on 2016-11-29. The reason for the financing was: unspecified.
Sendgrid is based in Colorado. The filler’s business is Other Technology. The D form was submitted by Michael Tognetti Senior Vice President and General Counsel. The company was incorporated more than five years ago. The filler’s address is: 1801 California Street, Suite 500, Denver, Co, Colorado, 80202. Sameer Dholakia is the related person in the form and it has address: 1801 California Street, Suite 500, Denver, Co, Colorado, 80202. Link to Sendgrid Filing: 000147742516000002.
Analysis of Sendgrid Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Sendgrid sold 100.00% of the offering. Could this mean that the trust in Sendgrid is high? The average offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,038.56% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is 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 Sendgrid Also
The Form D signed by Michael Tognetti might help Sendgrid, 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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