Zentila, Inc., Corporation just filed form D about $1.36 million debt financing. The date of first sale was 2015-11-24. Zentila was able to finance itself with $1.36 million. That is 100.00 % of the round of financing. The total fundraising amount was $1.36 million. The private financing document was filed on 2015-12-01. The reason for the financing was: unspecified.
Zentila is based in Florida. The firm’s business is Other Technology. The SEC form was signed by Michael J Mason President. The company was incorporated in 2013. The filler’s address is: 4407 Vineland Road, Suite D-16, Orlando, Fl, Florida, 32811. Michael J. Mason is the related person in the form and it has address: 4407 Vineland Road, Suite D-16, Orlando, Fl, Florida, 32811. Link to Zentila Filing: 000137647415000484.
Analysis of Zentila Offering
On average, companies in the Other Technology sector, sell 85.80 % of the total offering size. Zentila sold 100.00 % of the offering. Could this mean that the trust in Zentila is high? The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 11.69 % smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this financing was set at $18000. 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 Zentila Also
The Form D signed by Michael J Mason might help Zentila, 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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