Arinna Llc, Limited Liability Company just submitted form D for $1.00 million equity financing. This is a new filing. Arinna was able to fundraise $120,000 so far. That is 12.00% of the financing offer. The total offering amount was $1.00 million. The financing document was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $880,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Arinna is based in Minnesota. The company’s business is Other Energy. The form was submitted by Cliff Kaehler President. The company was incorporated in 2014. The filler’s address is: 1628 2Nd Avenue Se, Rochester, Mn, Minnesota, 55904. Cliff Kaehler is the related person in the form and it has address: 1628 2Nd Avenue Se, Rochester, Mn, Minnesota, 55904. Link to Arinna Filing: 000120919116132488.
Analysis of Arinna Offering
On average, companies in the Other Energy sector, sell 65.00% of the total offering amount. Arinna sold 12.00% of the offering. The financing is still open. The average offering size for companies in the Other Energy industry is $1.11 million. The offering was 89.16% smaller than the average of $1.11 million. Of course this should not be taken as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this fundraising is set at $50000. 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 Arinna Also
The Form D signed by Cliff Kaehler might help Arinna 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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