No Sweat Financing
No Sweat, Llc, Limited Liability Company just submitted form D announcing $1.10 million equity and debt financing. The date of first sale was 2016-03-11. No Sweat was able to sell $650,000 so far. That is 59.09% of the offering. The total offering amount was $1.10 million. The private financing document was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $450,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
No Sweat is based in Minnesota. The filler’s business is not disclosed. The D form was filed by Justin W Johnson Chief Executive Manager. The company was incorporated more than five years ago. The filler’s address is: 5421 Feltl Road, Suite 160, Hopkins, Mn, Minnesota, 55343. Jeffrey T. Johnson is the related person in the form and it has address: 5421 Feltl Road, Suite 160, Hopkins, Mn, Minnesota, 55343. Link to No Sweat Filing: 000164919216000005.
Analysis of No Sweat Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. No Sweat sold 59.09% 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 78.69% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for different reasons and needs. The minimum investment for this fundraising was set at $25000. 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 No Sweat Also
The Form D signed by Justin W Johnson might help No Sweat, 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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