Question

Navim Jain sold stock to investors in order to finance Sparkart, LLC, a company that markets software to track how many times music is played and shared among peers. Jain used _____ financing.

Answer 1

Answer:

Equity financing

Explanation:

Equity financing is the kind of  financing, which involves or comprise of a procedure for raising the capital or funds by the sale of the shares. The companies raise the money because they have a short term need in order to pay the bills or might have a objective and needs the funds or money to invest for the purpose of growth.

So, in short, it is a form or kind of financing which comprise of raising the funds or money by selling the shares or stock in a business.

Under this case, the Navim used the equity financing as he sold the stock of the company to investors in order to finance.