Segana Llc, Limited Liability Company just released form D because of $600,000 debt financing. This is a new filing. Segana Llc is expected to fundraise $600,000 in this financing offer. The total fundraising amount was $600,000. The private financing document was filed on 2016-10-04. The reason for the financing was: Sale of up to $600,000 of Unsecured Convertible Promissory Notes.. The fundraising still has about $600,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Segana is based in Florida. The firm’s business is Other Health Care. The form D was submitted by Rodney Bosley Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 3259 Progress Drive, Ste. 156, Orlando, Fl, Florida, 32826. Olusegun J. Ilegbusi is the related person in the form and it has address: C/O Segana Llc, 3259 Progress Drive, Ste. 156, Orlando, Fl, Florida, 32826. Link to Segana Filing: 000168610916000002.
Analysis of Segana Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Segana sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Health Care industry is $1.16 million. The offering was 100.00% smaller than the average of $1.16 million. Of course this should not be interpreted as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, 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 Segana Also
The Form D signed by Rodney Bosley might help Segana 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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