Elegance Inc., Corporation just released form D regarding $1.80 million equity and debt financing. This is a new filing. Elegance was able to sell $50,000 so far. That is 2.78% of the financing round. The total financing amount was $1.80 million. The private financing document was filed on 2016-10-17. The reason for the financing was: unspecified. The fundraising still has about $1.75 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Elegance is based in Nevada. The firm’s business is Retailing. The form was submitted by Timmi DeRosa Founder/CEO. The company was incorporated in 2013. The filler’s address is: 10040 West Cheyenne Ave #170-106, Las Vegas, Nv, Nevada, 89129. Timmi Derosa is the related person in the form and it has address: 10040 West Cheyenne Ave #170-106, Las Vegas, Nv, Nevada, 89129. Link to Elegance Filing: 000168699516000001.
Analysis of Elegance Offering
On average, companies in the Retailing sector, sell 71.70% of the total offering size. Elegance sold 2.78% of the offering. The financing is still open. The average investment size for companies in the Retailing industry is $45,600. The total amount raised is 9.65% bigger than the average for companies in the Retailing sector. The minimum investment for this fundraising was set at $25000. 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 Elegance Also
The Form D signed by Timmi DeRosa might help Elegance 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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