Smart Lunches Financing
Smart Lunches, Inc., Corporation just had published form D about $590,000 equity and debt financing. This is a new filing. Smart Lunches was able to finance itself with $590,000. That is 100.00% of the financing round. The total private financing amount was $590,000. The fundraising form was filed on 2016-10-05. The reason for the financing was: unspecified.
Smart Lunches is based in Massachusetts. The company’s business is not disclosed. The form was signed by David Morris Chief Executive Officer. The company was incorporated in 2011. The filler’s address is: 15 Allerton Street, Suite 201, Boston, Ma, Massachusetts, 02119. David Morris is the related person in the form and it has address: 15 Allerton Street, Suite 201, Boston, Ma, Massachusetts, 02119. Link to Smart Lunches Filing: 000155740416000001.
Analysis of Smart Lunches Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Smart Lunches sold 100.00% of the offering. Could this mean that the trust in Smart Lunches is high? The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 80.66% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for different needs and reasons. The minimum investment for this fundraising 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 Smart Lunches Also
The Form D signed by David Morris might help Smart Lunches, 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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