Form D Action: Eatstreet $11.00 million Financing. Matt Howard Published Oct 13 SEC Form

Eatstreet, Inc. - Matt Howard

Eatstreet Financing

Eatstreet, Inc., Corporation just submitted form D about $11.00 million equity financing. This is a new filing. Eatstreet was able to fundraise $11.00 million. That is 100.00% of the offering. The total private financing amount was $11.00 million. The fundraising form was filed on 2016-10-13. The reason for the financing was: Proceeds are used for general corporate purposes. The executive officers will receive compensation from the Issuer’s revenues and investment proceeds..

Eatstreet is based in Wisconsin. The firm’s business is not disclosed. The D form was submitted by Matt Howard Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 316 W. Washington Ave., Ste. 725, Madison, Wi, Wisconsin, 53703. Matt Howard is the related person in the form and it has address: 316 W. Washington Ave., Ste. 725, Madison, Wi, Wisconsin, 53703. Link to Eatstreet Filing: 000156014216000005.

Analysis of Eatstreet Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Eatstreet sold 100.00% of the offering. Could this mean that the trust in Eatstreet is high? The average financing size for companies in all industries in our database is $3.05 million. The total amount raised is 260.66% bigger than the average for companies in the database. The minimum investment for this offering is 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 Eatstreet Also

The Form D signed by Matt Howard might help Eatstreet, 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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