Quintoandar Ltd, just had published form D about $10.00 million equity financing. This is a new filing. Quintoandar was able to finance itself with $10.00 million. That is 100.00% of the round of financing. The total financing amount was $10.00 million. This form was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $3 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Quintoandar is based in Brazil. The filler’s business is not disclosed. The form D was filed by GABRIEL BRAGA VIEIRA CHIEF EXECUTIVE OFFICER. The company was incorporated in 2015. The filler’s address is: Rua Dr Antonio Alvares Lobo 660, Botafogo, Campinas, D5, Brazil, 13020-110. Gabriel Braga Vieira is the related person in the form and it has address: Rua Dr Antonio Alvares Lobo, 660, Botafogo, Campinas, D5, Brazil, 13020-110. Link to Quintoandar Filing: 000164061116000002.
Analysis of Quintoandar Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Quintoandar sold 100.00% of the offering. The fundraising is still open. Could this mean that the trust in Quintoandar is high? The average fundraising size for companies in all industries in our database is $3.05 million. The total amount raised is 227.87% bigger than the average for companies in the database. The minimum investment for this fundraising 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 Quintoandar Also
The Form D signed by GABRIEL BRAGA VIEIRA might help Quintoandar Ltd’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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