Rise Us Holdings Financing
Rise Us Holdings, Llc, Limited Liability Company just released form D announcing $5.00 million equity financing. The date of first sale was 2015-06-29. Rise Us Holdings was able to finance itself with $3.23 million so far. That is 64.50% of the fundraising. The total private financing amount was $5.00 million. The private financing document was filed on 2016-10-18. The reason for the financing was: unspecified. The fundraising still has about $1.78 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Rise Us Holdings is based in Texas. The filler’s business is Other Travel. The D form was filed by Nick Kennedy CEO. The company was incorporated in 2015. The filler’s address is: 7363 Cedar Springs Road, Dallas, Tx, Texas, 75235. Nick Kennedy is the related person in the form and it has address: 7363 Cedar Springs Road, Dallas, Tx, Texas, 75235. Link to Rise Us Holdings Filing: 000165454416000003.
Analysis of Rise Us Holdings Offering
On average, startups in the Other Travel sector, sell 73.00% of the total offering size. Rise Us Holdings sold 64.50% of the offering. The fundraising is still open. The average investment size for companies in the Other Travel industry is $518,000. The total amount raised is 522.59% bigger than the average for companies in the Other Travel sector. The minimum investment for this offering was set at $25000. 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 Rise Us Holdings Also
The Form D signed by Nick Kennedy might help Rise Us Holdings, 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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