Zingbox $22.24 million Financing. Xu Zou Submitted Aug 11 Form D

August 11, 2017 - By Winifred Garcia

Zingbox Financing

Zingbox, Inc., Corporation just filed form D about $22.24 million equity financing. This is a new filing. Zingbox was able to finance itself with $21.74 million. That is 97.75 % of the fundraising. The total offering amount was $22.24 million. The form was filed on 2017-08-11. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Zingbox is based in California. The filler’s business is Other Technology. The SEC form was submitted by Xu Zou Chief Executive Officer. The company was incorporated in 2017. The filler’s address is: 465 Fairchild Drive #207, Mountain View, Ca, California, 94043. Xu Zou is the related person in the form and it has address: 465 Fairchild Drive #207, Mountain View, Ca, California, 94043. Link to Zingbox Filing: 000171402217000001.

Analysis of Zingbox Offering

On average, startups in the Other Technology sector, sell 85.80 % of the total offering amount. Zingbox sold 97.75 % of the offering. The financing is still open. Could this mean that the trust in Zingbox is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,311.97 % bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising 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 Zingbox Also

The Form D signed by Xu Zou might help Zingbox, 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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