Isoplexis $6.40 million Fundraising. Sean Mackay Submitted Aug 10 SEC Form

August 10, 2017 - By Adrian Mccoy

Isoplexis Financing

Isoplexis Corp, Corporation just had published form D for $6.40 million equity financing. This is a new filing. Isoplexis was able to finance itself with $5.40 million. That is 84.39 % of the round of financing. The total offering amount was $6.40 million. The form was filed on 2017-08-10. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Isoplexis is based in Connecticut. The filler’s business is Other Technology. The D form was filed by Sean Mackay President. The company was incorporated in 2014. The filler’s address is: 35 Ne Industrial Road, Branford, Ct, Connecticut, 06405. Sean Mackay is the related person in the form and it has address: C/O Isoplexis Corporation, 35 Ne Industrial Road, Branford, Ct, Connecticut, 06405. Link to Isoplexis Filing: 000161505517000001.

Analysis of Isoplexis Offering

On average, startups in the Other Technology sector, sell 85.80 % of the total offering size. Isoplexis sold 84.39 % of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 250.97 % bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is 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 Isoplexis Also

The Form D signed by Sean Mackay might help Isoplexis Corp’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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