Smartsky Networks Financing
Smartsky Networks, Llc, Limited Liability Company just had published form D announcing $15.00 million financing. Smartsky Networks was able to finance itself with $12.08 million. That is 80.55% of the round of financing. The total offering amount was $15.00 million. The financing form was filled on 2015-05-08. The reason for the financing was: The proceeds will be applied to, among other things, working capital expense which may include payment of salaries to related persons.. The fundraising still has about $2.92 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Smartsky Networks is based in North Carolina. The firm’s business is Telecommunications. The form was signed by Ryan M Stone President. The company was incorporated in 2011. The filler’s address is: 4690 First Flight Drive, Charlotte, Nc, North Carolina, 28208. Haynes G. Griffin is the related person in the form and it has address: 814 West Market Street, Greensboro, Nc, North Carolina, 27401.
Analysis of Smartsky Networks Offering
On average, businesses in the Telecommunications sector, sell 85.70% of the total offering size. Smartsky Networks sold 80.55% of the offering. The fundraising is still open. The average investment size for companies in the Telecommunications industry is $125,000. The total amount raised is 9,566.33% bigger than the average for companies in the Telecommunications sector. The minimum investment for this offering 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 Smartsky Networks Also
Despite Ryan M Stone’s reporting disadvantages, Smartsky Networks, Llc could benefit from this reporting. 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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