Massroots $2.74 million Fundraising. Isaac Dietrich Filed Feb 12 Form D

February 12, 2018 - By Ellis Scott

Massroots Financing

Massroots, Inc., Corporation just filed form D about $2.74 million equity financing. This is a new filing. Massroots was able to fundraise $2.74 million. That is 100.00 % of the round of financing. The total private financing amount was $2.74 million. The offering form was filed on 2018-02-12. The reason for the financing was: unspecified.

Massroots is based in Colorado. The firm’s business is Other Technology. The SEC form was filed by Isaac Dietrich Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 2420 17Th Street, Office 3118, Denver, Co, Colorado, 80202. Isaac Dietrich is the related person in the form and it has address: 2420 17Th Street, Office 3118, Denver, Co, Colorado, 80202. Link to Massroots Filing: 000172186818000104.

Analysis of Massroots Offering

On average, firms in the Other Technology sector, sell 85.80 % of the total offering amount. Massroots sold 100.00 % of the offering. Could this mean that the trust in Massroots is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 77.92 % bigger than the average for companies in the Other Technology sector. 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 Massroots Also

The Form D signed by Isaac Dietrich might help Massroots, 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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