Sugarfina, Inc., Corporation just had published form D because of $6.00 million equity financing. This is a new filing. Sugarfina was able to finance itself with $4.00 million so far. That is 66.67% of the financing round. The total offering amount was $6.00 million. The fundraising form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sugarfina is based in California. The firm’s business is not disclosed. The form D was filed by Joshua Resnick Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 3915 West 102Nd Street, Inglewood, Ca, California, 90303. Joshua Resnick is the related person in the form and it has address: 3915 West 102Nd Street, Inglewood, Ca, California, 90303. Link to Sugarfina Filing: 000162192216000004.
Analysis of Sugarfina Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Sugarfina sold 66.67% of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The total amount raised is 31.15% bigger than the average for companies in the database. 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 Sugarfina Also
The Form D signed by Joshua Resnick might help Sugarfina, 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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