Form D to Follow Green Blender $1.50 million Fundraising. Amir Cohen Submitted Oct 4 D Filing


Technology Green Blender, Inc. - Amir Cohen

Green Blender Financing

Green Blender, Inc., Corporation just filed form D announcing $1.50 million equity financing. This is a new filing. Green Blender was able to sell $1.00 million so far. That is 66.67% of the financing round. The total fundraising amount was $1.50 million. The financing document was filed on 2016-10-04. The reason for the financing was: Some portion of the proceeds may be used to fund officer salaries. 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.

Green Blender is based in New York. The company’s business is Other Technology. The form D was submitted by Amir Cohen Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 10-40 44Th Drive, Long Island City, Ny, New York, 11101. Amir Cohen is the related person in the form and it has address: 10-40 44Th Drive, Long Island City, Ny, New York, 11101. Link to Green Blender Filing: 000164010716000003.

Analysis of Green Blender Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Green Blender sold 66.67% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 35.06% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this financing 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 Green Blender Also

The Form D signed by Amir Cohen might help Green Blender, Inc.’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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