Important Form D Filing: Sip Pioneer Holdings $2.67 million Financing. George Bishop Published Oct 7 Form D

Commercial Sip Pioneer Holdings Llc - George Bishop

Sip Pioneer Holdings Financing

Sip Pioneer Holdings Llc, Limited Liability Company just released form D because of $2.67 million equity financing. This is a new filing. Sip Pioneer Holdings was able to finance itself with $1.74 million so far. That is 65.02% of the offering. The total private financing amount was $2.67 million. The financing document was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $933,559 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Sip Pioneer Holdings is based in Utah. The filler’s business is Commercial. The form was filed by George Bishop Mgr-Synergy Investment Partners LLC, Mg-Synergy Investments. The company was incorporated in 2016. The filler’s address is: 1492 Park Avenue, Park City, Ut, Utah, 84060. * Synergy Investment Manager I Llc is the related person in the form and it has address: 1492 Park Avenue, Park City, Ut, Utah, 84060. Link to Sip Pioneer Holdings Filing: 000168688916000001.

Analysis of Sip Pioneer Holdings Offering

On average, companies in the Commercial sector, sell 65.22% of the total offering size. Sip Pioneer Holdings sold 65.02% of the offering. The financing is still open. The average fundraising amount for companies in the Commercial industry is $1.60 million. The total amount raised is 8.44% bigger than the average for companies in the Commercial sector. The minimum investment for this offering was set at $0. 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 Sip Pioneer Holdings Also

The Form D signed by George Bishop might help Sip Pioneer Holdings 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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