Hellowwii, Inc., Corporation just filed form D regarding $3.00 million equity financing. This is a new filing. Hellowwii was able to sell $3.00 million. That is 100.00% of the round of financing. The total offering amount was $3.00 million. The form was filed on 2016-07-13. The reason for the financing was: unspecified.
Hellowwii is based in California. The firm’s business is not disclosed. The D form was filed by Edward Fu Chief Financial Officer. The company was incorporated in 2016. The filler’s address is: 22 Park Ave., Venice, Ca, California, 90291. Allan Jones is the related person in the form and it has address: 22 Park Ave., Venice, Ca, California, 90291. Link to Hellowwii Filing: 000167952316000001.
Analysis of Hellowwii Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Hellowwii sold 100.00% of the offering. Could this mean that the trust in Hellowwii is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 1.64% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this fundraising was 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 Hellowwii Also
The Form D signed by Edward Fu might help Hellowwii, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.