(As featured in Friscofastball- December 16, 2016)
Written by: Matthew Polesetsky
Woven Digital Financing
Woven Digital, Inc., Corporation just submitted form D because of $20.00 million equity financing. This is a new filing. Woven Digital was able to sell $18.57 million. That is 92.84% of the financing round. The total fundraising amount was $20.00 million. The offering form was filed on 2016-12-16. The reason for the financing was: unspecified. The fundraising still has about $1.43 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Woven Digital is based in California. The company’s business is Other Technology. The form was filed by Matthew Polesetsky Secretary, General Counsel. The company was incorporated in 2014. The filler’s address is: 10381 Jefferson Blvd., Culver City, Ca, California, 90232. Scott Grimes is the related person in the form and it has address: C/O Woven Digital, Inc., 10381 Jefferson Blvd., Culver City, Ca, California, 90232. Link to Woven Digital Filing: 000162714816000001.
Analysis of Woven Digital Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Woven Digital sold 92.84% of the offering. The financing is still open. Could this mean that the trust in Woven Digital is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,105.69% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was 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 Woven Digital Also
The Form D signed by Matthew Polesetsky might help Woven Digital, 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.
Find the link to the full story below: https://friscofastball.com/2016/12/16/newest-form-d-filing-woven-digital-20-00-million-financing-matthew-polesetsky-released-dec-16-form-d/