Tomboy Exchange Financing
Tomboy Exchange, Inc., Corporation just released form D announcing $1.89 million equity financing. The date of first sale was 2015-07-14. Tomboy Exchange was able to fundraise $1.20 million so far. That is 63.65% of the financing round. The total financing amount was $1.89 million. The fundraising form was filed on 2016-09-30. The reason for the financing was: unspecified. The fundraising still has about $687,009 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Tomboy Exchange is based in Washington. The company’s business is not disclosed. The form was filed by Frances Dunaway Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 5021 Colorado Avenue South, Seattle, Wa, Washington, 98134. Fran Dunaway is the related person in the form and it has address: C/O 5021 Colorado Avenue South, Seattle, Wa, Washington, 98134. Link to Tomboy Exchange Filing: 000157967416000004.
Analysis of Tomboy Exchange Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Tomboy Exchange sold 63.65% of the offering. The fundraising is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 60.56% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms get financed for different needs and reasons. The minimum investment for this fundraising 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 Tomboy Exchange Also
The Form D signed by Frances Dunaway might help Tomboy Exchange, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.