Distil Networks (TechBUZZ ’11 Fall) $20.00 million Fundraising. Rami Essaid Released Jul 28 Form D

Distil Networks Financing

Distil Networks, Inc., Corporation just had published form D because of $20.00 million equity financing. This is a new filing. Distil Networks was able to sell $20.00 million. That is 100.00% of the fundraising. The total fundraising amount was $20.00 million. This form was filed on 2015-07-28. The reason for the financing was: unspecified.

Distil Networks is based in California. The firm’s business is Other Technology. The D form was filed by Rami Essaid President. The company was incorporated in 2011. The filler’s address is: 49 Stevenson Street, Suite 200, San Francisco, Ca, California, 94105. Rami Essaid is the related person in the form and it has address: 49 Stevenson Street, Suite 200, San Francisco, Ca, California, 94105. Link to Distil Networks Filing: 000146137315000028.

Analysis of Distil Networks Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Distil Networks sold 100.00% of the offering. Could this mean that the trust in Distil Networks is high? The average financing size for companies in the Other Technology industry is $1.54 million. The total amount raised is 1,198.70% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, please comment below.

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Read the release here.