Tutormundi, Inc., Corporation just had published form D regarding $1.00 million equity financing. This is a new filing. Tutormundi was able to finance itself with $204,850 so far. That is 20.49% of the financing offer. The total private offering amount was $1.00 million. The form was filed on 2016-10-11. The reason for the financing was: $29,850.42 of the Total Amount Sold was purchased through the conversionof debt.. The fundraising still has about $795,150 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tutormundi is based in California. The company’s business is not disclosed. The form D was signed by Raphael Rocha Coelho President. The company was incorporated in 2016. The filler’s address is: 2324A Yale Street, Palo Alto, Ca, California, 94306. Raphael Rocha Coelho is the related person in the form and it has address: 2324A Yale Street, Palo Alto, Ca, California, 94306. Link to Tutormundi Filing: 000168704616000001.
Analysis of Tutormundi Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Tutormundi sold 20.49% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 93.28% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this offering was set at $0. 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 Tutormundi Also
The Form D signed by Raphael Rocha Coelho might help Tutormundi, 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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