Form D of The Day: Platform Athletics $620000 Fundraising. Alexander Relph Submitted Oct 13 Form D

Computers Platform Athletics, Llc - Alexander Relph

Platform Athletics Financing

Platform Athletics, Llc, Limited Liability Company just filed form D announcing $620,000 equity financing. This is a new filing. Platform Athletics was able to finance itself with $620,000. That is 100.00% of the financing offer. The total private offering amount was $620,000. The form was filed on 2016-10-13. The reason for the financing was: unspecified.

Platform Athletics is based in Massachusetts. The filler’s business is Computers. The SEC form was submitted by Alexander Relph Co-President. The company was incorporated in 2012. The filler’s address is: 815 Boston Post Road, Unit B, Weston, Ma, Massachusetts, 02493. Alexander Relph is the related person in the form and it has address: 815 Boston Post Road, Unit B, Weston, Ma, Massachusetts, 02493. Link to Platform Athletics Filing: 000168750316000001.

Analysis of Platform Athletics Offering

On average, companies in the Computers sector, sell 85.30% of the total offering size. Platform Athletics sold 100.00% of the offering. Could this mean that the trust in Platform Athletics is high? The average fundraising amount for companies in the Computers industry is $130,000. The total amount raised is 376.92% bigger than the average for companies in the Computers sector. The minimum investment for this financing is 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 Platform Athletics Also

The Form D signed by Alexander Relph might help Platform Athletics, 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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