Laundry Chute Financing
Laundry Chute, Llc, Limited Liability Company just filed form D regarding $200,000 equity financing. This is a new filing. Laundry Chute was able to fundraise $100,000 so far. That is 50.00% of the offering. The total financing amount was $200,000. The offering form was filed on 2016-10-18. The reason for the financing was: Offering of up to 40,000 membership units of the Issuer.. The fundraising still has about $100,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Laundry Chute is based in Florida. The filler’s business is not disclosed. The form D was filed by James A Janis President. The company was incorporated more than five years ago. The filler’s address is: 1034 Bedford Avenue, Palm Beach Gardens, Fl, Florida, 33403. James A. Janis is the related person in the form and it has address: C/O The Laundry Chute, Llc, 1034 Bedford Avenue, Palm Beach Gardens, Fl, Florida, 33403. Link to Laundry Chute Filing: 000160636916000002.
Analysis of Laundry Chute Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Laundry Chute sold 50.00% 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 96.72% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $0. 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 Laundry Chute Also
The Form D signed by James A Janis might help Laundry Chute, 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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