Innowatts $6.00 million Financing. Siddhartha Sachdeva Published Aug 9 Form D

August 11, 2017 - By Marie Mckinney

Innowatts Financing

Innowatts, Inc., Corporation just released form D announcing $6.00 million equity financing. This is a new filing. Innowatts was able to finance itself with $6.00 million. That is 100.00 % of the financing offer. The total offering amount was $6.00 million. This form was filed on 2017-08-09. The reason for the financing was: unspecified.

Innowatts is based in Alabama. The firm’s business is Other Technology. The form was filed by Siddhartha Sachdeva Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 601 Sawyer Street, Suite 205, Houston, Tx, Texas, 77007. Siddhartha Sachdeva is the related person in the form and it has address: 601 Sawyer Street, Suite 205, Houston, Tx, Texas, 77007. Link to Innowatts Filing: 000171334417000001.

Analysis of Innowatts Offering

On average, startups in the Other Technology sector, sell 85.80 % of the total offering size. Innowatts sold 100.00 % of the offering. Could this mean that the trust in Innowatts is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 289.61 % bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $1000000. 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 Innowatts Also

The Form D signed by Siddhartha Sachdeva might help Innowatts, 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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