Lucideus $294997 Fundraising. Saket Modi Submitted Aug 2 SEC form

August 11, 2017 - By Michael Collier

Lucideus Financing

Lucideus Inc., Corporation just filed form D announcing $294,997 equity financing. This is a new filing. Lucideus was able to fundraise $294,997. That is 100.00 % of the financing offer. The total fundraising amount was $294,997. The offering form was filed on 2017-08-02. The reason for the financing was: unspecified.

Lucideus is based in California. The filler’s business is not disclosed. The SEC form was submitted by Saket Modi Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 3260 Hillview Ave, Palo Alto, Ca, California, 94304. Saket Modi is the related person in the form and it has address: 3260 Hillview Ave, Palo Alto, Ca, California, 94304. Link to Lucideus Filing: 000170021417000003.

Analysis of Lucideus Offering

On average, startups in the not disclosed sector, sell 67.77 % of the total offering amount. Lucideus sold 100.00 % of the offering. Could this mean that the trust in Lucideus is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 90.33 % smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of reasons and needs. 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 Lucideus Also

The Form D signed by Saket Modi might help Lucideus 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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