Knewton, Inc, Corporation just had published form D because of $52.25 million equity financing. The date of first sale was 2015-10-16. Knewton was able to fundraise $52.25 million. That is 100.00 % of the fundraising offer. The total private offering amount was $52.25 million. The form was filed on 2016-02-02. The reason for the financing was: unspecified.
Knewton is based in New York. The company’s business is not disclosed. The D form was signed by Jose Ferreira President and CEO. The company was incorporated more than five years ago. The filler’s address is: 100 Fifth Avenue, 8Th Floor, New York, Ny, New York, 10011. Jose Ferreira is the related person in the form and it has address: 100 Fifth Avenue, 8Th Floor, New York, Ny, New York, 10011. Link to Knewton Filing: 000163537116000005.
Analysis of Knewton Offering
On average, startups in the not disclosed sector, sell 67.77 % of the total offering size. Knewton sold 100.00 % of the offering. Could this mean that the trust in Knewton is high? The average financing size for companies in all industries in our database is $3.05 million. The total amount raised is 1,613.12 % bigger than the average for companies in the database. 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 Knewton Also
The Form D signed by Jose Ferreira might help Knewton, 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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