Amify Fundraising
A form D was published by Amify, Inc., Corporation about $5.89 million equity financing. This is a new filing. Amify sold $3.43 million or 58.19 % of the offering.In total it’s $5.89 million. On 2019-03-20 the document was published and the reason was: $565,000 of the offering consists of an outstanding promissory note converted into preferred shares.. The fundraising still has about $2.46 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Amify is based in Virginia. The firm works in the Other Technology business. The person that submitted the SEC form was Ethan McAfee Chief Executive Officer. The company was incorporated in 2019. The filler’s address is: 99 Canal Center Plaza, Suite #110, Alexandria, Va, Virginia, 22314. Ethan Mcafee is the related person in the form and it has address: 99 Canal Center Plaza, Suite #110, Alexandria, Va, Virginia, 22314. Link to Amify Filing: .
Amify Offering Details
The companies in the Other Technology sector sell on avg 85.80 % of their offerings amount. Amify have sold 58.19 % so far. The fundraising is still open. Also companies in the Other Technology industry have an avg financing size of $1.54 million.And the total raised amount is 122.56 % bigger than the average.As for minimum investment it is 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.
Amify ‘s pluses of Fundraising Reporting
The Form D signed by Ethan McAfee might help Amify, Inc. as clients feel much more safe to work with a better financed firm. Chances are high that Amify, 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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