Owl Cybersecurity Financing
Owl Cybersecurity, Llc, Limited Liability Company just released form D regarding $3.00 million equity financing. The date of first sale was 2016-11-29. Owl Cybersecurity was able to sell $1.62 million so far. That is 53.87% of the financing offer. The total offering amount was $3.00 million. The form was filed on 2016-12-29. The reason for the financing was: unspecified. The fundraising still has about $1.38 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Owl Cybersecurity is based in Colorado. The filler’s business is Other Technology. The form D was signed by Russell Cohen President, Chief Financial Officer and Secretary. The company was incorporated in 2015. The filler’s address is: 1700 Lincoln Street, Suite 2902, Denver, Co, Colorado, 80203. Mark Turnage is the related person in the form and it has address: 1700 Lincoln Street, Suite 2902, Denver, Co, Colorado, 80203. Link to Owl Cybersecurity Filing: 000166929316000006.
Analysis of Owl Cybersecurity Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Owl Cybersecurity sold 53.87% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 4.94% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing 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 Owl Cybersecurity Also
The Form D signed by Russell Cohen might help Owl Cybersecurity, Llc’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.