Ubiquitous Energy $15M Financing. Miles Barr Filed Jul 25 form D
Ubiquitous Energy, Inc., Corporation just released form D because of $15.00 million equity financing. This is a new filing. Ubiquitous Energy was able to finance itself with $15.00 million. That is 100.00 % of the fundraising offer. The total financing amount was $15.00 million. The fundraising form was filed on 2017-07-25. The reason for the financing was: unspecified.
Ubiquitous Energy is based in California. The company’s business is Other Energy. The form D was filed by Miles Barr President. The company was incorporated more than five years ago. The filler’s address is: 3696 Haven Ave., Suite B, Redwood City, Ca, California, 94063. Miles Barr is the related person in the form and it has address: C/O Ubiquitous Energy, Inc., 3696 Haven Ave., Suite B, Redwood City, Ca, California, 94063. Link to Ubiquitous Energy Filing: 000154399017000001.
Analysis of Ubiquitous Energy Offering
On average, startups in the Other Energy sector, sell 65.00 % of the total offering amount. Ubiquitous Energy sold 100.00 % of the offering. Could this mean that the trust in Ubiquitous Energy is high? The average fundraising size for companies in the Other Energy industry is $1.11 million. The total amount raised is 1,255.01 % bigger than the average for companies in the Other Energy 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 Ubiquitous Energy Also
The Form D signed by Miles Barr might help Ubiquitous Energy, 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.