Form D: Richmond Investor I $5.85 million Fundraising. David Utley Filed Jul 11 SEC Filing


Commercial Richmond Investor I, Llc - David Utley

Richmond Investor I Financing

Richmond Investor I, Llc, Limited Liability Company just submitted form D announcing $5.85 million equity financing. This is a new filing. Richmond Investor I was able to finance itself with $5.85 million. That is 100.00% of the financing round. The total fundraising amount was $5.85 million. The form was filed on 2016-07-11. The reason for the financing was: unspecified.

Richmond Investor I is based in California. The filler’s business is Commercial. The form was signed by David Utley Attorney In Fact. The company was incorporated in 2016. The filler’s address is: 10960 Wilshire Blvd., Suite 1700, Los Angeles, Ca, California, 90024. Derek Graham is the related person in the form and it has address: 10960 Wilshire Blvd. Suite 1700, Los Angeles, Ca, California, 90024. Link to Richmond Investor I Filing: 000167702116000003.

Analysis of Richmond Investor I Offering

On average, startups in the Commercial sector, sell 65.22% of the total offering size. Richmond Investor I sold 100.00% of the offering. Could this mean that the trust in Richmond Investor I is high? The average fundraising amount for companies in the Commercial industry is $1.60 million. The total amount raised is 265.63% bigger than the average for companies in the Commercial sector. The minimum investment for this offering was set at $20000. 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 Richmond Investor I Also

The Form D signed by David Utley might help Richmond Investor I, 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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