Crescerance $2.60 million Fundraising. Namit Bhatia Published Aug 21 form D

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Technology Crescerance, Inc. - Namit Bhatia

Crescerance Financing

Crescerance, Inc., Corporation just submitted form D for $2.60 million equity financing. This is a new filing. Crescerance was able to fundraise $2.60 million. That is 100.00% of the offering. The total private offering amount was $2.60 million. The private financing document was filed on 2015-08-21. The reason for the financing was: unspecified.

Crescerance is based in Georgia. The company’s business is Other Technology. The form D was signed by Namit Bhatia Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 4480-H South Cobb Drive, Suite 153, Smyrna, Ga, Georgia, 30080. Namit Bhatia is the related person in the form and it has address: 4480-H South Cobb Drive, Suite 153, Smyrna, Ga, Georgia, 30080. Link to Crescerance Filing: 000165124115000001.

Analysis of Crescerance Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Crescerance sold 100.00% of the offering. Could this mean that the trust in Crescerance is high? The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 68.83% 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 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 Crescerance Also

The Form D signed by Namit Bhatia might help Crescerance, 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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