Form D Summary: Millga Holdings $19.86 million Fundraising. David C Michan Filed Oct 14 form


Residential Millga Holdings, Llc - David C Michan

Millga Holdings Financing

Millga Holdings, Llc, Limited Liability Company just released form D regarding $19.86 million equity financing. This is a new filing. Millga Holdings was able to fundraise $19.86 million. That is 100.00% of the fundraising. The total offering amount was $19.86 million. The form was filed on 2016-10-14. The reason for the financing was: Offering of $19,858,116 in Class A limited liability interests.

Millga Holdings is based in California. The firm’s business is Residential. The form was signed by David C Michan Manager of Strata MM, LLC, the manager of issuer. The company was incorporated in 2016. The filler’s address is: 4370 La Jolla Village Dr., Suite 960, San Diego, Ca, California, 92122. David Carlos Michan is the related person in the form and it has address: 4370 La Jolla Village Dr., Suite 960, San Diego, Ca, California, 92122. Link to Millga Holdings Filing: 000168755116000001.

Analysis of Millga Holdings Offering

On average, startups in the Residential sector, sell 100.00% of the total offering amount. Millga Holdings sold 100.00% of the offering. Could this mean that the trust in Millga Holdings is high? The average fundraising amount for companies in the Residential industry is $178,000. The total amount raised is 11,056.24% bigger than the average for companies in the Residential sector. The minimum investment for this financing is set at $250000. 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 Millga Holdings Also

The Form D signed by David C Michan might help Millga Holdings, 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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