Accel Investor II Financing
Accel Investor II, Llc, Limited Liability Company just filed form D regarding $2.40 million equity financing. This is a new filing. Accel Investor II was able to finance itself with $600,000 so far. That is 25.00% of the fundraising offer. The total private offering amount was $2.40 million. This form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $1.80 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Accel Investor II is based in Ohio. The filler’s business is Other Technology. The form D was filed by Anthony S Manna Chairman. The company was incorporated in 2016. The filler’s address is: The Signet Centre, 19 North High Street, Akron, Oh, Ohio, 44308. Tech Signet, Llc Tech Signet, Llc is the related person in the form and it has address: The Signet Centre, 19 North High Street, Akron, Oh, Ohio, 44308. Link to Accel Investor II Filing: 000168678616000001.
Analysis of Accel Investor II Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Accel Investor II sold 25.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 61.04% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $60000. 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 Accel Investor II Also
The Form D signed by Anthony S Manna might help Accel Investor II, 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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