Kensho Technologies Financing
Kensho Technologies Inc., Corporation just released form D announcing $47.83 million equity financing. This is a new filing. Kensho Technologies was able to finance itself with $47.83 million. That is 100.00% of the financing round. The total private offering amount was $47.83 million. The fundraising form was filed on 2015-08-05. The reason for the financing was: Amount includes (i) $18,446,856 from convertible promissory notes converted into equity in the financing ($13,740,000 was previously reported on Form D) and (ii) $24,886,538 that was used to repurchase shares of capital stock from existing holders..
Kensho Technologies is based in Alabama. The filler’s business is Other Technology. The form D was filed by Daniel Nadler Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 17 Dunster Street, Suite 300, Cambridge, Ma, Massachusetts, 02138. Daniel Nadler is the related person in the form and it has address: 17 Dunster Street, Suite 300, Cambridge, Ma, Massachusetts, 02138. Link to Kensho Technologies Filing: 000159264815000001.
Analysis of Kensho Technologies Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Kensho Technologies sold 100.00% of the offering. Could this mean that the trust in Kensho Technologies is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 3,006.06% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Kensho Technologies Also
The Form D signed by Daniel Nadler might help Kensho Technologies 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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