Noodle Partners Financing
Noodle Partners, Inc., Corporation just submitted form D for $4.00 million equity financing. This is a new filing. Noodle Partners was able to finance itself with $1.27 million so far. That is 31.63% of the round of financing. The total private offering amount was $4.00 million. The financing document was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $2.74 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Noodle Partners is based in Alabama. The firm’s business is not disclosed. The D form was signed by John Katzman CEO. The company was incorporated in 2013. The filler’s address is: 59 Chelsea Piers, Suite 200, New York, Ny, New York, 10011. John Katzman is the related person in the form and it has address: 59 Chelsea Piers, Suite 200, New York, Ny, New York, 10011. Link to Noodle Partners Filing: 000168623716000001.
Analysis of Noodle Partners Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Noodle Partners sold 31.63% of the offering. The fundraising is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 58.52% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this financing 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 Noodle Partners Also
The Form D signed by John Katzman might help Noodle Partners, 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.
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