Prime Consulting Group Financing
Prime Consulting Group, Llc, Limited Liability Company just filed form D because of $7.75 million equity financing. This is a new filing. Prime Consulting Group was able to sell $7.18 million. That is 92.58% of the fundraising. The total offering amount was $7.75 million. The offering form was filed on 2016-10-14. The reason for the financing was: unspecified. The fundraising still has about $575,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Prime Consulting Group is based in Connecticut. The company’s business is Other Health Care. The D form was signed by Thomas Nicholas Co-Manager. The company was incorporated in 2014. The filler’s address is: 1093 Main St., Holden, Ma, Massachusetts, 01520. Thomas J Nicholas is the related person in the form and it has address: 379 Quarry Brook Dr., South Windsor, Ct, Connecticut, 06074. Link to Prime Consulting Group Filing: 000168455816000001.
Analysis of Prime Consulting Group Offering
On average, startups in the Other Health Care sector, sell 68.60% of the total offering amount. Prime Consulting Group sold 92.58% of the offering. The financing is still open. Could this mean that the trust in Prime Consulting Group is high? The average investment offering size for companies in the Other Health Care industry is $1.16 million. The total amount raised is 518.53% bigger than the average for companies in the Other Health Care sector. The minimum investment for this financing is set at $50000. 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 Prime Consulting Group Also
The Form D signed by Thomas Nicholas might help Prime Consulting Group, 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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