Follow The Form D: Heard Design $2.50 million Financing. Andrew Stepanian Submitted Jul 13 D Filing

Retailing Heard Design, Llc - Andrew Stepanian

Heard Design Financing

Heard Design, Llc, Limited Liability Company just filed form D regarding $2.50 million equity financing. This is a new filing. Heard Design was able to sell $2.33 million. That is 93.30% of the fundraising. The total fundraising amount was $2.50 million. The fundraising form was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $167,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Heard Design is based in Texas. The company’s business is Retailing. The form D was submitted by Andrew Stepanian Vice President. The company was incorporated more than five years ago. The filler’s address is: 7801 N. Lamar Blvd., Suite E210, Austin, Tx, Texas, 78752. Andrew P. Stepanian is the related person in the form and it has address: 7801 N. Lamar Blvd., Suite E210, Austin, Tx, Texas, 78752. Link to Heard Design Filing: 000167895616000002.

Analysis of Heard Design Offering

On average, companies in the Retailing sector, sell 71.70% of the total offering amount. Heard Design sold 93.30% of the offering. The financing is still open. Could this mean that the trust in Heard Design is high? The average fundraising amount for companies in the Retailing industry is $45,600. The total amount raised is 5,015.13% bigger than the average for companies in the Retailing sector. 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 Heard Design Also

The Form D signed by Andrew Stepanian might help Heard Design, 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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