Conyers Investment Group Financing
Conyers Investment Group, Llc, Limited Liability Company just filed form D for $3.82 million equity financing. This is a new filing. Conyers Investment Group was able to sell $650,000 so far. That is 17.01% of the financing round. The total fundraising amount was $3.82 million. The form was filed on 2016-10-07. The reason for the financing was: $423,000 will be provided to the managers as an acquisition fee. The fundraising still has about $3.17 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Conyers Investment Group is based in New Hampshire. The filler’s business is Commercial. The form D was filed by Scott OBrien Agent. The company was incorporated in 2016. The filler’s address is: 4045 E. Johnson Circle, Atlanta, Ga, Georgia, 30341. Antonio Roxo is the related person in the form and it has address: 27 Spring Hill Road, Bedford, Ny, New York, 03110. Link to Conyers Investment Group Filing: 000168633216000002.
Analysis of Conyers Investment Group Offering
On average, firms in the Commercial sector, sell 65.22% of the total offering size. Conyers Investment Group sold 17.01% of the offering. The financing is still open. The average financing size for companies in the Commercial industry is $1.60 million. The offering was 59.38% smaller than the average of $1.60 million. Of course this should not be interpreted as negative. Firms get financed for different reasons and needs. The minimum investment for this offering was set at $50000. 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 Conyers Investment Group Also
The Form D signed by Scott OBrien might help Conyers Investment Group, 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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