Tech Commons Financing
Tech Commons, Llc, Limited Liability Company just had published form D about $4.27 million equity financing. This is a new filing. Tech Commons was able to fundraise $4.27 million. That is 100.00% of the financing offer. The total private offering amount was $4.27 million. The fundraising form was filed on 2016-10-06. The reason for the financing was: As determined by the Members.
Tech Commons is based in New Mexico. The filler’s business is Commercial. The form D was signed by Candice L Owens POA. The company was incorporated in 2016. The filler’s address is: 408 Graham Avenue, Santa Fe, Nm, New Mexico, 87501. Murray Brott is the related person in the form and it has address: 408 Graham Avenue, Santa Fe, Nm, New Mexico, 87501. Link to Tech Commons Filing: 000168644616000001.
Analysis of Tech Commons Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering amount. Tech Commons sold 100.00% of the offering. Could this mean that the trust in Tech Commons is high? The average offering amount for companies in the Commercial industry is $1.60 million. The total amount raised is 166.75% bigger than the average for companies in the Commercial sector. The minimum investment for this fundraising is 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 Tech Commons Also
The Form D signed by Candice L Owens might help Tech Commons, 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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