Integen $3.02 million Fundraising. RAMESH VALLABHANENI DRBABU Released Feb 13 SEC Form

February 13, 2018 - By Adrian Erickson

Integen Financing

Integen, Llc, Limited Liability Company just had published form D for $3.02 million equity financing. The date of first sale was 2010-11-24. Integen was able to fundraise $3.02 million. That is 100.00 % of the financing round. The total private offering amount was $3.02 million. The offering form was filed on 2018-02-13. The reason for the financing was: 2018 Form D.

Integen is based in Alabama. The firm’s business is Business Services. The D form was submitted by RAMESH VALLABHANENI DRBABU CHIEF EXECUTIVE OFFICER. The company was incorporated more than five years ago. The filler’s address is: 8865 Commodity Circle, Suite 2, Orlando, Fl, Florida, 32819. Ramesh Vallabhaneni (Dr. Babu) is the related person in the form and it has address: 8865 Commodity Circle, Suite 2, Orlando, Fl, Florida, 32819. Link to Integen Filing: 000150813318000001.

Analysis of Integen Offering

On average, firms in the Business Services sector, sell 69.04 % of the total offering amount. Integen sold 100.00 % of the offering. Could this mean that the trust in Integen is high? The average fundraising amount for companies in the Business Services industry is $583,000. The total amount raised is 417.15 % bigger than the average for companies in the Business Services sector. The minimum investment for this offering 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 Integen Also

The Form D signed by RAMESH VALLABHANENI DRBABU might help Integen, Llc’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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