Intellispark $1.50 million Financing. Stephen Smith Filed Jun 14 D Form

Intellispark Financing

Intellispark, Inc., Corporation just had published form D because of $1.50 million equity financing. This is a new filing. Intellispark was able to fundraise $1.50 million. That is 100.00 % of the financing round. The total offering amount was $1.50 million. This form was filed on 2019-06-14. The reason for the financing was: unspecified.

Intellispark is based in Virginia. The company’s business is Other Technology. The D form was submitted by Stephen Smith Chief Executive Officer. The company was incorporated in 2019. The filler’s address is: 1390 Chain Bridge Rd, Suite 10071, Mclean, Va, Virginia, 22101. Stephen Smith is the related person in the form and it has address: C/O Intellispark, Inc., 1390 Chain Bridge Rd., Suite 10071, Mclean, Va, Virginia, 22101. Link to Intellispark Filing: 000177978619000001.

Analysis of Intellispark Offering

On average, startups in the Other Technology sector, sell 85.80 % of the total offering size. Intellispark sold 100.00 % of the offering. Could this mean that the trust in Intellispark is high? The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 2.60 % smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this offering 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 Intellispark Also

The Form D signed by Stephen Smith might help Intellispark, 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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