Insense Inc., Corporation just submitted form D about $3.00 million equity financing. This is a new filing. Insense was able to fundraise $2.30 million so far. That is 76.67% of the fundraising offer. The total private offering amount was $3.00 million. The financing form was filed on 2016-12-01. The reason for the financing was: Series A Preferred Stock; Common Stock upon conversion of Series A Preferred Stock.. The fundraising still has about $700,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Insense is based in California. The company’s business is Other Technology. The form was filed by Noureddine Tayebi Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 2627 Hanover Street, Palo Alto, Ca, California, 94304. Noureddine Tayebi is the related person in the form and it has address: C/O Insense Inc., 2627 Hanover Street, Palo Alto, Ca, California, 94304. Link to Insense Filing: 000169100616000005.
Analysis of Insense Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Insense sold 76.67% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 49.35% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Insense Also
The Form D signed by Noureddine Tayebi might help Insense 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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