Clutch Holdings Financing
Clutch Holdings, Inc., Corporation just submitted form D about $6.59 million equity financing. This is a new filing. Clutch Holdings was able to fundraise $4.09 million so far. That is 62.05% of the offering. The total private offering amount was $6.59 million. This form was filed on 2016-07-12. The reason for the financing was: Proceeds include cash and conversion of indebtedness.. The fundraising still has about $2.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Clutch Holdings is based in Pennsylvania. The firm’s business is Other Technology. The form was filed by Edmund Moore Jr Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 201 South Maple Avenue, Suite 250, Ambler, Pa, Pennsylvania, 19002. Edmund Moore, Jr. is the related person in the form and it has address: 201 South Maple Avenue, Suite 250, Ambler, Pa, Pennsylvania, 19002. Link to Clutch Holdings Filing: 000158580916000002.
Analysis of Clutch Holdings Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Clutch Holdings sold 62.05% of the offering. The financing is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 165.43% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering is 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 Clutch Holdings Also
The Form D signed by Edmund Moore Jr might help Clutch Holdings, 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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