Form D: Swell Companies $450000 Fundraising. Eric R Shoemaker Published Oct 12 Form D

Manufacturing Swell Companies Ltd - Eric R Shoemaker

Swell Companies Financing

Swell Companies Ltd, Corporation just filed form D about $450,000 debt financing. This is a new filing. Swell Companies was able to sell $450,000. That is 100.00% of the financing round. The total fundraising amount was $450,000. This form was filed on 2016-10-12. The reason for the financing was: Convertible Promissory Note and Warrant to Purchase Shares.

Swell Companies is based in Oregon. The filler’s business is Manufacturing. The form D was filed by Eric R Shoemaker Secretary. The company was incorporated in 2016. The filler’s address is: 4814 Ne 107Th Avenue, Portland, Or, Oregon, 97220. Eric R. Shoemaker is the related person in the form and it has address: 4814 Ne 107Th Avenue, Portland, Or, Oregon, 97220. Link to Swell Companies Filing: 000168476716000001.

Analysis of Swell Companies Offering

On average, startups in the Manufacturing sector, sell 59.50% of the total offering amount. Swell Companies sold 100.00% of the offering. Could this mean that the trust in Swell Companies is high? The average offering size for companies in the Manufacturing industry is $763,000. The offering was 41.02% smaller than the average of $763,000. Of course this should not be taken as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this fundraising was set at $10000. 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 Swell Companies Also

The Form D signed by Eric R Shoemaker might help Swell Companies 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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