Form D Report: Reterro $7.50 million Fundraising. Thomas Doyle by Brianna Richardson his attorney in fact Published Jul 12 Form D

Reterro, Inc. - Thomas Doyle by Brianna Richardson his attorney in fact

Reterro Financing

Reterro, Inc., Corporation just submitted form D about $7.50 million equity financing. This is a new filing. Reterro was able to sell $4.11 million so far. That is 54.80% of the round of financing. The total financing amount was $7.50 million. The offering form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $3.39 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Reterro is based in California. The filler’s business is not disclosed. The form D was signed by Thomas Doyle by Brianna Richardson his attorney in fact Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 7650 Hawthorne Ave, Suite 2, Livermore, Ca, California, 94550. Thomas Doyle is the related person in the form and it has address: 7650 Hawthorne Ave., Suite 2, Livermore, Ca, California, 94550. Link to Reterro Filing: 000164252916000002.

Analysis of Reterro Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Reterro sold 54.80% 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 total amount raised is 34.76% bigger than the average for companies in the database. The minimum investment for this offering was 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 Reterro Also

The Form D signed by Thomas Doyle by Brianna Richardson his attorney in fact might help Reterro, 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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