[USA] Triton Algae Innovations, Ltd., just filed form D for $5.00 million equity financing. This is a new filing. Triton Algae Innovations was able to finance itself with $5.00 million. That is 100.00% of the fundraising. The total private financing amount was $5.00 million. The financing form was filled on 2015-06-12. The reason for the financing was: unspecified.
Triton Algae Innovations is based in California. The firm’s business is Biotechnology. The D form was submitted by Jason Pyle CEO. The company was incorporated in 2012. The filler’s address is: 302 Washington Street, #150-2995, San Diego, Ca, California, 92103. Jason Pyle is the related person in the form and it has address: 302 Washington Street, #150-2995, San Diego, Ca, California, 92103. Link to Triton Algae Innovations Filing: 000164470215000001.
Analysis of Triton Algae Innovations Offering
On average, businesses in the Biotechnology sector, sell 73.77% of the total offering size. Triton Algae Innovations sold 100.00% of the offering. Could this mean that the trust in Triton Algae Innovations is high? The average offering amount for companies in the Biotechnology industry is $3.08 million. The total amount raised is 62.34% smaller than the average for companies in the Biotechnology sector. The minimum investment for this fundraising is set at $5000000. 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 Triton Algae Innovations Also
The Form D signed by Jason Pyle might help Triton Algae Innovations, Ltd.’s business. 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.
View original article at: Triton Algae Innovations $5.00 million Financing. Jason Pyle Released Jun 12 Form D