Oneome Llc, Limited Liability Company just released form D announcing $600,000 equity financing. This is a new filing. Oneome was able to fundraise $530,000. That is 88.33% of the fundraising. The total private offering amount was $600,000. The financing form was filed on 2016-09-30. The reason for the financing was: unspecified. The fundraising still has about $70,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Oneome is based in Minnesota. The firm’s business is Other Technology. The form D was submitted by Mark E Sylvester Chief Financial Officer. The company was incorporated in 2013. The filler’s address is: 807 Broadway Street Ne, Suite 100, Minneapolis, Mn, Minnesota, 55413. Paul J. Owen is the related person in the form and it has address: 807 Broadway Street Ne, Suite 100, Minneapolis, Mn, Minnesota, 55413. Link to Oneome Filing: 000123580216000309.
Analysis of Oneome Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Oneome sold 88.33% of the offering. The financing is still open. Could this mean that the trust in Oneome is high? The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 65.58% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this financing was set at $0. 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 Oneome Also
The Form D signed by Mark E Sylvester might help Oneome 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.