Sudden Coffee Financing
Sudden Coffee, Inc., Corporation just filed form D announcing $3.00 million equity financing. This is a new filing. Sudden Coffee was able to sell $2.36 million so far. That is 78.78% of the financing round. The total fundraising amount was $3.00 million. The fundraising form was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $636,664 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Sudden Coffee is based in California. The filler’s business is Retailing. The form was submitted by Joshua Zloof CEO. The company was incorporated in 2015. The filler’s address is: 2200 Jerrold Ave., Suite O, San Francisco, Ca, California, 94124. Joshua Zloof is the related person in the form and it has address: 2200 Jerrold Ave., Suite O, San Francisco, Ca, California, 94124. Link to Sudden Coffee Filing: 000165933616000002.
Analysis of Sudden Coffee Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering size. Sudden Coffee sold 78.78% of the offering. The fundraising is still open. Could this mean that the trust in Sudden Coffee is high? The average investment size for companies in the Retailing industry is $45,600. The total amount raised is 5,082.75% bigger than the average for companies in the Retailing sector. The minimum investment for this fundraising is 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 Sudden Coffee Also
The Form D signed by Joshua Zloof might help Sudden Coffee, 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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