Entegra Capital Financing
Entegra Capital Llc, Limited Liability Company just submitted form D announcing $3.00 million equity financing. This is a new filing. Entegra Capital was able to fundraise $600,000 so far. That is 20.00% of the fundraising offer. The total offering amount was $3.00 million. The financing form was filed on 2016-07-11. The reason for the financing was: unspecified. The fundraising still has about $2.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Entegra Capital is based in Kansas. The company’s business is Other Banking and Financial Services. The D form was signed by Rich Frankenberg Manager. The company was incorporated in 2016. The filler’s address is: 9800 Metcalf Avenue, 5Th Floor, Overland Park, Ks, Kansas, 66212. Rich Frankenberg is the related person in the form and it has address: 9800 Metcalf Avenue, 5Th Floor, Overland Park, Ks, Kansas, 66212. Link to Entegra Capital Filing: 000167932116000001.
Analysis of Entegra Capital Offering
On average, startups in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Entegra Capital sold 20.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 61.90% smaller than the average of $1.58 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this offering was 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 Entegra Capital Also
The Form D signed by Rich Frankenberg might help Entegra Capital 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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