Form D Buzzer: Loop Media $6.90 million Fundraising. Jill E Fishbein Filed Oct 19 Form D

Loop Media, Inc. - Jill E Fishbein

Loop Media Financing

Loop Media, Inc., Corporation just had published form D for $6.90 million equity financing. This is a new filing. Loop Media was able to sell $4.00 million so far. That is 57.98% of the financing round. The total fundraising amount was $6.90 million. This form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $2.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Loop Media is based in California. The filler’s business is not disclosed. The form was filed by Jill E Fishbein Secretary. The company was incorporated in 2016. The filler’s address is: 1161 Harriet St., Palo Alto, Ca, California, 94301. Philipp Pieper is the related person in the form and it has address: 1161 Harriet St, Palo Alto, Ca, California, 94301. Link to Loop Media Filing: 000168784416000001.

Analysis of Loop Media Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Loop Media sold 57.98% of the offering. The fundraising is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The total amount raised is 31.19% bigger than the average for companies in the database. 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 Loop Media Also

The Form D signed by Jill E Fishbein might help Loop Media, 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.

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