Rino Tod Financing
Rino Tod Llc, Limited Liability Company just submitted form D announcing $3.60 million equity financing. This is a new filing. Rino Tod was able to fundraise $3.60 million. That is 100.00% of the financing round. The total private offering amount was $3.60 million. The financing form was filed on 2016-10-19. The reason for the financing was: Affiliates of the Managers of the Company will be reimbursed $1,030,524 from the Offering proceeds for pre-closing construction and development expenses incurred by them on behalf of RINO TOD LLC..
Rino Tod is based in Colorado. The company’s business is Commercial. The SEC form was submitted by Jason Kaplan Manager. The company was incorporated in 2014. The filler’s address is: 3455 Ringsby Court, Suite 100, Denver, Co, Colorado, 80216. Kyle Zeppelin is the related person in the form and it has address: 3455 Ringsby Court, Suite 100, Denver, Co, Colorado, 80216. Link to Rino Tod Filing: 000168722416000002.
Analysis of Rino Tod Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering size. Rino Tod sold 100.00% of the offering. Could this mean that the trust in Rino Tod is high? The average investment floor size for companies in the Commercial industry is $1.60 million. The total amount raised is 125.00% bigger than the average for companies in the Commercial sector. 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 Rino Tod Also
The Form D signed by Jason Kaplan might help Rino Tod 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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