Steepletown Development Financing
Steepletown Development, Llc, Limited Liability Company just filed form D about $350,000 equity financing. This is a new filing. Steepletown Development was able to sell $200,000 so far. That is 57.14% of the financing round. The total private financing amount was $350,000. The offering form was filed on 2016-07-13. The reason for the financing was: unspecified. The fundraising still has about $150,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Steepletown Development is based in Iowa. The company’s business is Commercial. The form D was filed by Rebecca Anderson Member. The company was incorporated in 2013. The filler’s address is: 500 Jefferson Street, Burlington, Ia, Iowa, 52601. Kimberly D. Hunsaker is the related person in the form and it has address: 2928 Woodland Drive, Burlington, Ia, Iowa, 52601. Link to Steepletown Development Filing: 000114036116072392.
Analysis of Steepletown Development Offering
On average, firms in the Commercial sector, sell 65.22% of the total offering amount. Steepletown Development sold 57.14% of the offering. The financing is still open. The average investment offering size for companies in the Commercial industry is $1.60 million. The offering was 87.50% smaller than the average of $1.60 million. Of course this should not be interpreted as negative. Businesses get financed for different reasons and needs. The minimum investment for this offering is set at $50000. If you know more about the reasons for the fundraising, 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 Steepletown Development Also
The Form D signed by Rebecca Anderson might help Steepletown Development, 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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