Form D Watching Lolo $350000 Fundraising. Clark Harris Submitted Oct 4 Form D

Technology Lolo, Llc - Clark Harris

Lolo Financing

Lolo, Llc, Limited Liability Company just had published form D regarding $350,000 debt financing. This is a new filing. Lolo was able to fundraise $30,000 so far. That is 8.57% of the fundraising offer. The total private offering amount was $350,000. The financing document was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $320,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Lolo is based in Alabama. The firm’s business is Other Technology. The form was filed by Clark Harris Managing Member. The company was incorporated in 2013. The filler’s address is: 76 Vermont Ave., Asheville, Nc, North Carolina, 28806. Clark Harris is the related person in the form and it has address: 76 Vermont Ave., Asheville, Nc, North Carolina, 28806. Link to Lolo Filing: 000159557816000005.

Analysis of Lolo Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Lolo sold 8.57% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 98.05% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $1. 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 Lolo Also

The Form D signed by Clark Harris might help Lolo, Llc’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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