SEC Form D Coverage: My Coi $250000 Financing. Kristen Nunery Released Oct 5 SEC Filing

Technology My Coi, Llc - Kristen Nunery

My Coi Financing

My Coi, Llc, Limited Liability Company just released form D about $250,000 debt financing. This is a new filing. My Coi was able to fundraise $15,000 so far. That is 6.00% of the financing offer. The total fundraising amount was $250,000. The fundraising form was filed on 2016-10-05. 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.

My Coi is based in Indiana. The filler’s business is Other Technology. The form D was filed by Kristen Nunery Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 9700 Lakeshore Drive, East, Suite C, Indianapolis, In, Indiana, 46280. Kristen Nunery is the related person in the form and it has address: 6425 Broadway Street, Indianapolis, In, Indiana, 46220. Link to My Coi Filing: 000152340516000004.

Analysis of My Coi Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. My Coi sold 6.00% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 99.03% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses get financed for different needs and reasons. The minimum investment for this fundraising was set at $15000. 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 My Coi Also

The Form D signed by Kristen Nunery might help My Coi, 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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