Realscout, Inc., Corporation just had published form D about $6.00 million debt financing. This is a new filing. Realscout was able to sell $318,100 so far. That is 5.30% of the financing offer. The total private financing amount was $6.00 million. This form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $5.68 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Realscout is based in California. The firm’s business is not disclosed. The form was submitted by Andrew Flachner Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 480 Ellis Street, Suite 203, Mountain View,, Ca, California, 94043. Andrew Flachner is the related person in the form and it has address: 480 Ellis Street, Mountain View, Ca, California, 94043. Link to Realscout Filing: 000159610116000001.
Analysis of Realscout Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Realscout sold 5.30% of the offering. The financing is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 89.57% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses get financed for different needs and reasons. 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 Realscout Also
The Form D signed by Andrew Flachner might help Realscout, 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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