Uqontrol, Inc., Corporation just submitted form D announcing $1.95 million equity financing. This is a new filing. Uqontrol was able to finance itself with $133,330 so far. That is 6.84 % of the fundraising offer. The total private financing amount was $1.95 million. This form was filed on 2016-01-11. The reason for the financing was: unspecified. The fundraising still has about $1.82 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Uqontrol is based in Idaho. The filler’s business is Other Technology. The form was signed by Christopher Maus CEO. The company was incorporated more than five years ago. The filler’s address is: 321 S. First Ave, Sandpoint, Id, Idaho, 83864. Christopher Maus is the related person in the form and it has address: 321 S. First Ave, Sandpoint, Id, Idaho, 83864. Link to Uqontrol Filing: 000161899116000001.
Analysis of Uqontrol Offering
On average, firms in the Other Technology sector, sell 85.80 % of the total offering amount. Uqontrol sold 6.84 % of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 91.34 % smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for different reasons and needs. The minimum investment for this fundraising is set at $50000. 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 Uqontrol Also
The Form D signed by Christopher Maus might help Uqontrol, 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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