Champion Normandie Financing
Champion Normandie, Llc, Limited Liability Company just submitted form D for $3.13 million equity financing. This is a new filing. Champion Normandie was able to fundraise $1.92 million so far. That is 61.44% of the round of financing. The total financing amount was $3.13 million. The offering form was filed on 2016-10-19. The reason for the financing was: Upon the acquisition of the real property, an affiliate of Robert Champion will receive a real estate acquisition fee of $48,500.. The fundraising still has about $1.21 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Champion Normandie is based in California. The firm’s business is Residential. The form D was submitted by Parker Champion Executive Vice President. The company was incorporated in 2016. The filler’s address is: 11620 Wilshire Boulevard, Suite 1150, Los Angeles, Ca, California, 90025. Robert Dean Champion is the related person in the form and it has address: 11620 Wilshire Boulevard, Suite 1150, Los Angeles, Ca, California, 90025. Link to Champion Normandie Filing: 000168679816000001.
Analysis of Champion Normandie Offering
On average, companies in the Residential sector, sell 100.00% of the total offering size. Champion Normandie sold 61.44% of the offering. The financing is still open. The average offering size for companies in the Residential industry is $178,000. The total amount raised is 978.65% bigger than the average for companies in the Residential sector. The minimum investment for this fundraising is set at $10000. 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 Champion Normandie Also
The Form D signed by Parker Champion might help Champion Normandie, 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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