Important Form D Filing: Blackmore Sensors & Analytics $3.50 million Financing. Randy R Reibel Released Nov 30 SEC Filing

Technology Blackmore Sensors & Analytics, Inc. - Randy R Reibel

Blackmore Sensors & Analytics Financing

Blackmore Sensors & Analytics, Inc., Corporation just submitted form D regarding $3.50 million equity financing. This is a new filing. Blackmore Sensors & Analytics was able to fundraise $3.20 million. That is 91.43% of the financing round. The total private financing amount was $3.50 million. The offering form was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Blackmore Sensors & Analytics is based in Montana. The firm’s business is Other Technology. The form D was submitted by Randy R Reibel President. The company was incorporated in 2016. The filler’s address is: 3991 Valley Commons Drive, Bozeman, Mt, Montana, 89718. Randy R Reibel is the related person in the form and it has address: 3991 Valley Commons Drive, Bozeman, Mt, Montana, 59718. Link to Blackmore Sensors & Analytics Filing: 000168986116000001.

Analysis of Blackmore Sensors & Analytics Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Blackmore Sensors & Analytics sold 91.43% of the offering. The financing is still open. Could this mean that the trust in Blackmore Sensors & Analytics is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 107.79% 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 Blackmore Sensors & Analytics Also

The Form D signed by Randy R Reibel might help Blackmore Sensors & Analytics, 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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