Se Southfield Am Financing
Se Southfield Am, Llc, Limited Liability Company just released form D for $4.98 million equity financing. This is a new filing. Se Southfield Am was able to fundraise $2.01 million so far. That is 40.28% of the fundraising. The total offering amount was $4.98 million. The offering form was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $2.97 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Se Southfield Am is based in Illinois. The filler’s business is Commercial. The form was signed by Richard Kaplan Manager of SE Southfield AM, LLC. The company was incorporated in 2016. The filler’s address is: 350 North Lasalle Street, Suite 800, Chicago, Il, Illinois, 60654. Richard Kaplan is the related person in the form and it has address: 350 North Lasalle Street, Suite 800, Chicago, Il, Illinois, 60654. Link to Se Southfield Am Filing: 000168547916000001.
Analysis of Se Southfield Am Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering amount. Se Southfield Am sold 40.28% of the offering. The fundraising is still open. The average fundraising size for companies in the Commercial industry is $1.60 million. The total amount raised is 25.31% bigger than the average for companies in the Commercial sector. The minimum investment for this offering is 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 Se Southfield Am Also
The Form D signed by Richard Kaplan might help Se Southfield Am, 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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