Renew, Llc, Limited Liability Company just had published form D regarding $2.00 million equity financing. The date of first sale was 2016-10-04. Renew was able to fundraise $1.50 million so far. That is 75.00% of the financing offer. The total private financing amount was $2.00 million. The form was filed on 2016-10-11. The reason for the financing was: The company has received subscriptions (including binding commitments) for the amount stated as “Total Amount Sold”.. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Renew is based in Colorado. The company’s business is not disclosed. The form was signed by Dave Bullock Co-CEO. The company was incorporated in 2015. The filler’s address is: 7070 S. Tucson Way, Centennial, Co, Colorado, 80112. Dave Bullock is the related person in the form and it has address: 7070 S. Tucson Way, Centennial, Co, Colorado, 80112. Link to Renew Filing: 000165727716000003.
Analysis of Renew Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Renew sold 75.00% of the offering. The financing is still open. Could this mean that the trust in Renew is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 50.82% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this financing is set at $250000. 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 Renew Also
The Form D signed by Dave Bullock might help Renew, 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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