On May 14 Sergey Slipenchuk Released D Filing. Myota $2.12 million Fundraising.

May 16, 2018 - By Mike Johnson

Myota Fundraising

A form D was submitted by Myota, Inc., Corporation regarding $2.12 million equity financing. This is a new filing. Myota sold $2.12 million or 100.00 % of the financing offer.In total it’s $2.12 million. On 2018-05-14 the document was submitted and the reason was: Funds have been raised for working capital purposes and a portion thereof will be used to pay the salaries of the executive officers..

Myota is based in Pennsylvania. The company works in the Other Technology business. The person that signed the form D was Sergey Slipenchuk Chief Financial Officer. The company was incorporated in 2017. The filler’s address is: 101 Lindenwood Drive, Suite 400, Malvern, Pa, Pennsylvania, 19355. James Walker is the related person in the form and it has address: C/O Myota, Inc., 101 Lindenwood Drive, Suite 400, Malvern, Pa, Pennsylvania, 19355. Link to Myota Filing: 000174006018000001.

Myota Offering Details

The startups in the Other Technology sector sell on avg 85.80 % of their offerings amount. Myota have sold 100.00 % so far. Could this mean that the trust in Myota is high? Also companies in the Other Technology industry have an avg fundraising size of $1.54 million.And the total raised amount is 37.54 % bigger than the average.As for minimum investment it was set at $0.

Form D – advantages and disadvantages

Usually Form D fillings have information that ventures and startups don’t like revealing. More precisely they reveal plans and reasons for funds raising. On other hand this could help understand better your competitors.

Myota ‘s pluses of Fundraising Reporting

The Form D signed by Sergey Slipenchuk might help Myota, Inc. as clients feel much more safe to work with a better financed firm. Chances are high that Myota, Inc. will stay financially sound. There are good PR effects as well as more attention from angels venture-capital, firms and funds.

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