Blocksafe Technologies $197000 Fundraising. Mark L
Post# of 82672
January 19, 2018 - By Vivian Park
Blocksafe Technologies Financing
Blocksafe Technologies, Inc., Corporation just submitted form D regarding $197,000 debt financing. This is a new filing. Blocksafe Technologies was able to finance itself with $197,000. That is 100.00 % of the financing round. The total offering amount was $197,000. The private financing document was filed on 2018-01-19. The reason for the financing was: unspecified.
Blocksafe Technologies is based in New Jersey. The firm’s business is Other Technology. The SEC form was submitted by Mark L Kay Director. The company was incorporated in 2017. The filler’s address is: 1090 King Georges Post Road, Suite 603, Edison, Nj, New Jersey, 08837. Mark L. Kay is the related person in the form and it has address: 1090 King Georges Post Road, Suite 603, Edison, Nj, New Jersey, 08837. Link to Blocksafe Technologies Filing: 000147793218000374.
Analysis of Blocksafe Technologies Offering
On average, firms in the Other Technology sector, sell 85.80 % of the total offering size. Blocksafe Technologies sold 100.00 % of the offering. Could this mean that the trust in Blocksafe Technologies is high? The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 87.21 % smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms get financed for a variety of needs and reasons. The minimum investment for this offering was set at $20000. If you know more about the reasons for the financing, 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 Blocksafe Technologies
The Form D signed by Mark L Kay might help Blocksafe Technologies, 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.