Edgemakers, Inc., Corporation just released form D announcing $10.05 million equity financing. This is a new filing. Edgemakers was able to sell $6.00 million so far. That is 59.72 % of the fundraising. The total private offering amount was $10.05 million. The financing form was filed on 2015-12-04. The reason for the financing was: unspecified. The fundraising still has about $4.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Edgemakers is based in California. The company’s business is Other Technology. The D form was submitted by John Kao Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 39 Mesa Street, Suite 200, San Francisco, Ca, California, 94129. John Kao is the related person in the form and it has address: 39 Mesa Street, Suite 200, San Francisco, Ca, California, 94129. Link to Edgemakers Filing: 000158011915000003.
Analysis of Edgemakers Offering
On average, firms in the Other Technology sector, sell 85.80 % of the total offering amount. Edgemakers sold 59.72 % 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 289.77 % bigger than the average for companies in the Other Technology sector. 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 Edgemakers Also
The Form D signed by John Kao might help Edgemakers, 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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