Today’s Form D On Watch: Wardrobe Essentialist $500000 Fundraising. Mark R Hill Filed Jul 12 D Form

Wardrobe Essentialist, Inc. - Mark R Hill

Wardrobe Essentialist Financing

Wardrobe Essentialist, Inc., Corporation just submitted form D because of $500,000 debt financing. This is a new filing. Wardrobe Essentialist was able to finance itself with $252,092 so far. That is 50.42% of the fundraising offer. The total private financing amount was $500,000. The form was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $247,908 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Wardrobe Essentialist is based in Alabama. The filler’s business is not disclosed. The D form was filed by Mark R Hill Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 20 Alden Road, Wellesley, Ma, Massachusetts, 02481. Mark R. Hill is the related person in the form and it has address: C/O The Wardrobe Essentialist, Inc., 20 Alden Road, Wellesley, Ma, Massachusetts, 02481. Link to Wardrobe Essentialist Filing: 000167942416000001.

Analysis of Wardrobe Essentialist Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Wardrobe Essentialist sold 50.42% of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 91.73% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies get financed for different reasons and needs. The minimum investment for this fundraising 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 Wardrobe Essentialist Also

The Form D signed by Mark R Hill might help Wardrobe Essentialist, 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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