Form D Filing Dinnercall A Public Benefit $1.10 million Fundraising. Jay Rumbach Published Oct 4 Form D

Technology Dinnercall, A Public Benefit Corp - Jay Rumbach

Dinnercall A Public Benefit Financing

Dinnercall, A Public Benefit Corp, just had published form D about $1.10 million debt financing. The date of first sale was 2015-08-27. Dinnercall A Public Benefit was able to finance itself with $600,000 so far. That is 54.55% of the financing offer. The total financing amount was $1.10 million. The offering form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Dinnercall A Public Benefit is based in Indiana. The firm’s business is Other Technology. The form was submitted by Jay Rumbach Attorney. The company was incorporated in 2015. The filler’s address is: 484 E Carmel Drive, Ste 339, Carmel, In, Indiana, 46033. Gerry A. Hays is the related person in the form and it has address: 484 E Carmel Drive, Ste 339, Carmel, In, Indiana, 46033. Link to Dinnercall A Public Benefit Filing: 000165202216000003.

Analysis of Dinnercall A Public Benefit Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Dinnercall A Public Benefit sold 54.55% of the offering. The financing is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 61.04% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this offering is set at $15000. If you know more about the reasons for the financing, please comment below.

What is Form D? What It Is Used For

Form D disclosures could be used to track and understand better your competitors. The information in Form D is usually highly confidential for ventures and startups and they don’t like revealing it. This is because it reveals amount raised or planned to be raised as well as reasons for the financing. This could help competitors. Entrepreneurs usually want to keep their financing a ‘secret’ so they can stay in stealth mode for longer.

Why Fundraising Reporting Is Good For Dinnercall A Public Benefit Also

The Form D signed by Jay Rumbach might help Dinnercall, A Public Benefit Corp’s sector. First, it helps potential customers feel more safe to deal with a firm that is well financed. The odds are higher that it will stay in the business. Second, this could attract other investors such as venture-capital firms, funds and angels. Third, positive PR effects could even bring leasing firms and venture lenders.

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