Oneenergy, Inc., Corporation just released form D regarding $1.10 million debt financing. The date of first sale was 2016-06-09. Oneenergy was able to fundraise $1.10 million. That is 100.00% of the financing round. The total fundraising amount was $1.10 million. The private financing document was filed on 2016-10-11. The reason for the financing was: unspecified.
Oneenergy is based in Washington. The firm’s business is Other Energy. The form D was submitted by Kristin Martinez CFO & Secretary. The company was incorporated more than five years ago. The filler’s address is: 2003 Western Avenue, Ste. 225, Seattle, Wa, Washington, 98121. William Eddie is the related person in the form and it has address: 2003 Western Ave., Ste. 225, Seattle, Wa, Washington, 98121. Link to Oneenergy Filing: 000153901416000004.
Analysis of Oneenergy Offering
On average, firms in the Other Energy sector, sell 65.00% of the total offering amount. Oneenergy sold 100.00% of the offering. Could this mean that the trust in Oneenergy is high? The average offering size for companies in the Other Energy industry is $1.11 million. The offering was 0.76% smaller than the average of $1.11 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this offering 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 Oneenergy Also
The Form D signed by Kristin Martinez might help Oneenergy, 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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