Landr, Inc., Corporation just had published form D about $3.17 million equity financing. This is a new filing. Landr was able to finance itself with $3.17 million. That is 99.84% of the round of financing. The total offering amount was $3.17 million. The financing form was filed on 2016-10-06. The reason for the financing was: unspecified. The fundraising still has about $5,211 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Landr is based in California. The filler’s business is Other Technology. The SEC form was signed by MICHAEL FERTIK CHIEF EXECUTIVE OFFICER. The company was incorporated in 2016. The filler’s address is: 762 University Avenue, Palo Alto, Ca, California, 94301. Michael Fertik is the related person in the form and it has address: 762 University Avenue, C/O Landr, Inc., Palo Alto, Ca, California, 94301. Link to Landr Filing: 000168690016000001.
Analysis of Landr Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Landr sold 99.84% of the offering. The financing is still open. Could this mean that the trust in Landr is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 105.56% bigger than the average for companies in the Other Technology sector. 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 Landr Also
The Form D signed by MICHAEL FERTIK might help Landr, Inc.’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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