Mc10, Inc., Corporation just released form D announcing $24.99 million equity financing.
Mc10 was able to finance itself with $14.98 million so far.
The total financing amount was $24.99 million.
The reason for the financing was: Amounts referenced in, and include prior indebtedness convertible into equity in connection with the offering.
The fundraising still has about $10.01 million more and is not closed yet.
The average financing size for companies in the Other Technology industry is $1.54 million.
Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.