Really Useful Broadway Financing
Really Useful Broadway Ltd, just submitted form D about $6.70 million equity financing. This is a new filing. Really Useful Broadway was able to finance itself with $2.60 million so far. That is 38.81% of the financing offer. The total private financing amount was $6.70 million. The form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $4.10 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Really Useful Broadway is based in United Kingdom. The firm’s business is not disclosed. The SEC form was filed by Isobel Chester Director of Issuer. The company was incorporated in 2014. The filler’s address is: 17 Slingsby Place, London, X0, United Kingdom, Wc2e 9Ab. Isobel Chester is the related person in the form and it has address: 17 Slingsby Place, London, X0, United Kingdom, Wc2e 9Ab. Link to Really Useful Broadway Filing: 000168649216000001.
Analysis of Really Useful Broadway Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Really Useful Broadway sold 38.81% of the offering. The financing is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 14.79% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses 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 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 Really Useful Broadway Also
The Form D signed by Isobel Chester might help Really Useful Broadway Ltd’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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