Anfiro, Inc., Corporation just had published form D regarding $2.00 million debt financing. This is a new filing. Anfiro was able to finance itself with $150,000 so far. That is 7.50% of the offering. The total offering amount was $2.00 million. The private financing document was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $1.85 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Anfiro is based in Alabama. The filler’s business is Other Technology. The SEC form was filed by Jaime Mateus President & CEO. The company was incorporated in 2014. The filler’s address is: 84 Tremont Street, Cambridge, Ma, Massachusetts, 02139. Jaime Mateus is the related person in the form and it has address: 84 Tremont St., #1, Cambridge, Ma, Massachusetts, 02139. Link to Anfiro Filing: 000169111316000001.
Analysis of Anfiro Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Anfiro sold 7.50% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 90.26% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Anfiro Also
The Form D signed by Jaime Mateus might help Anfiro, 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.