Form D Reporting: Solidopinion $3.65 million Fundraising. Michael Robertson Submitted Nov 3 Form D

Form D Reporting: Solidopinion $3.65 million Fundraising. Michael Robertson Submitted Nov 3 Form D

Solidopinion Financing

Solidopinion, Inc., Corporation just filed form D regarding $3.65 million equity financing. This is a new filing. Solidopinion was able to sell $3.65 million. That is 100.00% of the financing round. The total financing amount was $3.65 million. The fundraising form was filed on 2016-11-03. The reason for the financing was: unspecified.

Solidopinion is based in New York. The filler’s business is Other Technology. The form was filed by Michael Robertson Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 6450 Lusk Blvd., #E204, San Diego, Ca, California, 92121. Constantine Goltsev is the related person in the form and it has address: 20 Haights Cross Road, Chappaqua, Ny, New York, 10514. Link to Solidopinion Filing: 000162959316000005.

Analysis of Solidopinion Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Solidopinion sold 100.00% of the offering. Could this mean that the trust in Solidopinion is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 137.10% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $0. 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 Solidopinion Also

The Form D signed by Michael Robertson might help Solidopinion, 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.

Solidopinion Inc.