Chive International Financing
Chive International, Llc, Limited Liability Company just submitted form D announcing $2.98 million equity financing. This is a new filing. Chive International was able to fundraise $1.48 million so far. That is 49.64% of the fundraising offer. The total fundraising amount was $2.98 million. The form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Chive International is based in Alabama. The firm’s business is Restaurants. The form D was filed by Wanting Zhang Sole Member of WYZ Holdings, LLC, Sole Member of the Company. The company was incorporated in 2013. The filler’s address is: 129 Church Street, Suite 603, New Haven, Ct, Connecticut, 06511. Wanting Zhang is the related person in the form and it has address: C/O Chive International, Llc, 129 Church Street, Suite 603, New Haven, Ct, Connecticut, 06511. Link to Chive International Filing: 000168650716000001.
Analysis of Chive International Offering
On average, firms in the Restaurants sector, sell 99.00% of the total offering amount. Chive International sold 49.64% of the offering. The financing is still open. The average financing size for companies in the Restaurants industry is $302,000. The total amount raised is 389.79% bigger than the average for companies in the Restaurants sector. The minimum investment for this financing was set at $0. 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 Chive International Also
The Form D signed by Wanting Zhang might help Chive International, 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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