Practica L.L.C Financing
Practica, L.L.C, Limited Liability Company just filed form D for $5.06 million equity and debt financing. This is a new filing. Practica L.L.C was able to finance itself with $5.06 million. That is 100.00% of the financing round. The total private financing amount was $5.06 million. The fundraising form was filed on 2016-07-13. The reason for the financing was: unspecified.
Practica L.L.C is based in Georgia. The filler’s business is Other Technology. The D form was submitted by C George Kleeman IV Counsel. The company was incorporated in 2016. The filler’s address is: 1301 Shiloh Road, Suite 1840, Kennesaw, Ga, Georgia, 30144. Reid Simmons is the related person in the form and it has address: 1301 Shiloh Road, Suite 1840, Kennesaw, Ga, Georgia, 30144. Link to Practica L.L.C Filing: 000167956716000001.
Analysis of Practica L.L.C Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Practica L.L.C sold 100.00% of the offering. Could this mean that the trust in Practica L.L.C is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 228.57% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is 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 Practica L.L.C Also
The Form D signed by C George Kleeman IV might help Practica, 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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