Edt Expert Design Tools Financing
Edt Expert Design Tools, Llc, Limited Liability Company just submitted form D about $1.00 million debt financing. This is a new filing. Edt Expert Design Tools was able to sell $125,000 so far. That is 12.50% of the round of financing. The total private financing amount was $1.00 million. The financing form was filed on 2016-09-28. The reason for the financing was: unspecified. The fundraising still has about $875,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Edt Expert Design Tools is based in Texas. The company’s business is not disclosed. The D form was signed by Christopher Hugman Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 5513 Hero Drive, Austin, Tx, Texas, 78735. Christopher Hugman is the related person in the form and it has address: 5513 Hero Drive, Austin, Tx, Texas, 78735. Link to Edt Expert Design Tools Filing: 000168598716000002.
Analysis of Edt Expert Design Tools Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Edt Expert Design Tools sold 12.50% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 95.90% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this financing 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 Edt Expert Design Tools Also
The Form D signed by Christopher Hugman might help Edt Expert Design Tools, 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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