Arangodb $11.56 million Financing. Claudius Weinberger Released Dec 22 SEC Form

January 3, 2018 - By Marie Mckinney

Arangodb Financing

Arangodb, Inc., Corporation just released form D regarding $11.56 million equity financing. This is a new filing. Arangodb was able to fundraise $11.56 million. That is 100.00 % of the financing offer. The total offering amount was $11.56 million. The fundraising form was filed on 2017-12-22. The reason for the financing was: Estimated for form and fee purposes only.

Arangodb is based in Delaware. The firm’s business is Other Technology. The SEC form was signed by Claudius Weinberger CEO and President. The company was incorporated in 2017. The filler’s address is: 251 Little Falls Drive, Wilmington, De, Delaware, 19808. Claudius Weinberger is the related person in the form and it has address: 251 Little Falls Drive, Wilmington, De, Delaware, 19808. Link to Arangodb Filing: 000138296318000001.

Analysis of Arangodb Offering

On average, firms in the Other Technology sector, sell 85.80 % of the total offering amount. Arangodb sold 100.00 % of the offering. Could this mean that the trust in Arangodb is high? The average offering amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 650.54 % 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 Arangodb Also

The Form D signed by Claudius Weinberger might help Arangodb, 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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