Ripple Network Technologies $1.50 million Fundraising. Timothy ONeil Submitted May 7 D form

Ripple Network Technologies Financing

Ripple Network Technologies, Inc., Corporation just released form D announcing $1.50 million equity and debt financing. This is a new filing. Ripple Network Technologies, Inc. is expected to sell $1.50 million in this fundraising. The total private financing amount was $1.50 million. The private financing document was filed on 2019-05-07. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Ripple Network Technologies is based in Florida. The firm’s business is Other Technology. The SEC form was filed by Timothy ONeil Executive Officer. The company was incorporated in 2015. The filler’s address is: 1700 Nw 64Th Street, Suite 550, Fort Lauderdale, Fl, Florida, 33309. Timothy O’neil is the related person in the form and it has address: 1700 Nw 64Th Street, Suite 550, Ft. Lauderdale, Fl, Florida, 33309. Link to Ripple Network Technologies Filing: 000137647419000112.

Analysis of Ripple Network Technologies Offering

On average, firms in the Other Technology sector, sell 85.80 % of the total offering amount. Ripple Network Technologies sold 0.00 % of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 100.00 % smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Startups get financed for different needs and reasons. 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 Ripple Network Technologies Also

The Form D signed by Timothy ONeil might help Ripple Network Technologies, 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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