Urban Offsets Financing
Urban Offsets, Inc., Corporation just submitted form D for $300,000 equity financing. This is a new filing. Urban Offsets was able to fundraise $300,000. That is 100.00% of the round of financing. The total private financing amount was $300,000. The offering form was filed on 2016-10-04. The reason for the financing was: Proceeds will be used for working capital, which may include normal compensation to executive officers..
Urban Offsets is based in North Carolina. The company’s business is Other Technology. The form was submitted by Shawn Gagne CEO. The company was incorporated in 2015. The filler’s address is: 111 West Lewis Street, Greensboro, Nc, North Carolina, 27416. Shawn Gagne is the related person in the form and it has address: 111 West Lewis Street, Greensboro, Nc, North Carolina, 27416. Link to Urban Offsets Filing: 000168594016000001.
Analysis of Urban Offsets Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Urban Offsets sold 100.00% of the offering. Could this mean that the trust in Urban Offsets is high? The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 80.52% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this fundraising is 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 Urban Offsets Also
The Form D signed by Shawn Gagne might help Urban Offsets, Inc.’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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