Form D Alert: Fitdegree $125000 Fundraising. Nicholas M Dennis Submitted Oct 14 SEC form

Technology Fitdegree, Llc - Nicholas M Dennis

Fitdegree Financing

Fitdegree, Llc, Limited Liability Company just released form D announcing $125,000 equity financing. This is a new filing. Fitdegree was able to sell $100,000. That is 80.00% of the offering. The total fundraising amount was $125,000. The form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $25,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Fitdegree is based in New Jersey. The company’s business is Other Technology. The SEC form was filed by Nicholas M Dennis Manager and Member. The company was incorporated in 2015. The filler’s address is: 68 Paderewski Road, Oak Ridge, Nj, New Jersey, 07438. Nicholas Dennis is the related person in the form and it has address: 68 Paderewski Road, Oak Ridge, Nj, New Jersey, 07438. Link to Fitdegree Filing: 000165608416000002.

Analysis of Fitdegree Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Fitdegree sold 80.00% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 93.51% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Fitdegree Also

The Form D signed by Nicholas M Dennis might help Fitdegree, Llc’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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