Novel Energy Solutions L.L.C. Financing
Novel Energy Solutions L.L.C., Limited Liability Company just submitted form D because of $1.00 million equity financing. This is a new filing. Novel Energy Solutions L.L.C. was able to fundraise $290,000 so far. That is 29.00% of the financing offer. The total offering amount was $1.00 million. This form was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $710,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Novel Energy Solutions L.L.C. is based in Minnesota. The filler’s business is Other Energy. The SEC form was submitted by Cliff Kaehler Chief Executive Officer. 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 Novel Energy Solutions L.L.C. Filing: 000120919116132490.
Analysis of Novel Energy Solutions L.L.C. Offering
On average, companies in the Other Energy sector, sell 65.00% of the total offering amount. Novel Energy Solutions L.L.C. sold 29.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Energy industry is $1.11 million. The offering was 73.80% smaller than the average of $1.11 million. Of course this should not be seen as negative. Businesses get financed for a variety of reasons and needs. 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 Novel Energy Solutions L.L.C. Also
The Form D signed by Cliff Kaehler might help Novel Energy Solutions L.L.C.’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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