Noteworthy Form D Filing Hub Seattle $350000 Financing. Steve Johnson Submitted Oct 4 SEC Form

Hub Seattle Llc - Steve Johnson

Hub Seattle Financing

Hub Seattle Llc, Limited Liability Company just released form D for $350,000 debt financing. This is a new filing. Hub Seattle was able to fundraise $115,000 so far. That is 32.86% of the financing round. The total fundraising amount was $350,000. This form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $235,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Hub Seattle is based in Alabama. The filler’s business is not disclosed. The form D was signed by Steve Johnson CEO. The company was incorporated in 2011. The filler’s address is: 220 2Nd Ave S, Seattle, Wa, Washington, 98104. Steve Johnson is the related person in the form and it has address: 220 2Nd Ave S, Seattle, Wa, Washington, 98104. Link to Hub Seattle Filing: 000155686716000002.

Analysis of Hub Seattle Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Hub Seattle sold 32.86% of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 96.23% smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this offering 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 Hub Seattle Also

The Form D signed by Steve Johnson might help Hub Seattle 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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