Mezmeriz, Inc., Corporation just submitted form D because of $1.50 million equity financing. This is a new filing. Mezmeriz was able to fundraise $430,051 so far. That is 28.67% of the offering. The total offering amount was $1.50 million. The offering form was filled on 2015-05-19. The reason for the financing was: unspecified. The fundraising still has about $1.07 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Mezmeriz is based in New York. The filler’s business is Other Technology. The SEC form was filled by Gregory Galvin Chairman. The company was incorporated more than five years ago. The filler’s address is: 33 Thornwood Drive, Suite 100, Ithaca, Ny, New York, 14850. Gregory Galvin is the related person in the form and it has address: 33 Thornwood Drive, Suite 100, Ithaca, Ny, New York, 14850. Link to Mezmeriz Filing: 000148747515000001.
Analysis of Mezmeriz Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Mezmeriz sold 28.67% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 72.07% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this fundraising is 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 Mezmeriz Also
The Form D signed by Gregory Galvin might help Mezmeriz, Inc.’s business. 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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