Form D Don’t Lie: Igl Holdings I $1.15 million Fundraising. Barbara L Burns Released Oct 13 Form D

Business Services Igl Holdings I Corp - Barbara L Burns

Igl Holdings I Financing

Igl Holdings I Corp, Corporation just filed form D because of $1.15 million equity financing. This is a new filing. Igl Holdings I was able to finance itself with $1.15 million. That is 100.00% of the round of financing. The total private financing amount was $1.15 million. The financing form was filed on 2016-10-13. The reason for the financing was: unspecified.

Igl Holdings I is based in New York. The firm’s business is Business Services. The D form was signed by Barbara L Burns Vice President and Assistant Secretary. The company was incorporated in 2015. The filler’s address is: 666 Fifth Avenue, 36Th Floor, New York, Ny, New York, 10103. John F. Cozzi is the related person in the form and it has address: Igl Holdings I Corp, 666 Fifth Avenue, 36Th Floor, New York, Ny, New York, 10103. Link to Igl Holdings I Filing: 000089534516000566.

Analysis of Igl Holdings I Offering

On average, startups in the Business Services sector, sell 69.04% of the total offering size. Igl Holdings I sold 100.00% of the offering. Could this mean that the trust in Igl Holdings I is high? The average investment offering size for companies in the Business Services industry is $583,000. The total amount raised is 97.26% bigger than the average for companies in the Business Services sector. 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 Igl Holdings I Also

The Form D signed by Barbara L Burns might help Igl Holdings I Corp’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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