Groupe Inc., Corporation just filed form D regarding $1.00 million equity financing. This is a new filing. Groupe was able to fundraise $250,000 so far. That is 25.00% of the financing offer. The total fundraising amount was $1.00 million. The private financing document was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $750,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Groupe is based in Massachusetts. The firm’s business is not disclosed. The form was submitted by James C Jurney Jr President. The company was incorporated in 2016. The filler’s address is: 198 Bowery, New York, Ny, New York, 10012. James C. Jurney is the related person in the form and it has address: 30 Kemble Street, Lenox, Ma, Massachusetts, 01240. Link to Groupe Filing: 000168691816000001.
Analysis of Groupe Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Groupe sold 25.00% of the offering. The financing is still open. The average offering size for companies in all industries in our database is $3.05 million. The offering was 91.80% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this offering was set at $100. 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 Groupe Also
The Form D signed by James C Jurney Jr might help Groupe 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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