Charrette Venture Group Financing
Charrette Venture Group, Llc, Limited Liability Company just submitted form D regarding $500,000 debt financing. This is a new filing. Charrette Venture Group was able to finance itself with $10,000 so far. That is 2.00% of the financing round. The total offering amount was $500,000. The offering form was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $490,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Charrette Venture Group is based in Iowa. The firm’s business is not disclosed. The D form was submitted by Todd L Reding CEO and President. The company was incorporated in 2014. The filler’s address is: 2135 Nw 108Th St., Clive, Ia, Iowa, 50325. Todd Reding is the related person in the form and it has address: 2135 Nw 108Th St, Po Box 71361, Clive, Ia, Iowa, 50325. Link to Charrette Venture Group Filing: 000168756316000001.
Analysis of Charrette Venture Group Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Charrette Venture Group sold 2.00% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 99.67% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups get financed for a variety of reasons and needs. The minimum investment for this offering was set at $10000. 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 Charrette Venture Group Also
The Form D signed by Todd L Reding might help Charrette Venture 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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