Cloverpop, Inc., Corporation just had published form D announcing $6.24 million equity financing. This is a new filing. Cloverpop was able to finance itself with $6.24 million. That is 100.00% of the fundraising offer. The total private offering amount was $6.24 million. The form was filed on 2016-10-19. The reason for the financing was: unspecified.
Cloverpop is based in California. The filler’s business is not disclosed. The D form was filed by Erik Larson by Brianna Richardson his attorney in fact President. The company was incorporated in 2012. The filler’s address is: 415 Jackson Street, San Francisco, Ca, California, 94111. Erik Larson is the related person in the form and it has address: 415 Jackson Street, San Francisco, Ca, California, 94111. Link to Cloverpop Filing: 000163637416000006.
Analysis of Cloverpop Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Cloverpop sold 100.00% of the offering. Could this mean that the trust in Cloverpop is high? The average offering size for companies in all industries in our database is $3.05 million. The total amount raised is 104.43% bigger than the average for companies in the database. The minimum investment for this financing is set at $0. 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 Cloverpop Also
The Form D signed by Erik Larson by Brianna Richardson his attorney in fact might help Cloverpop, 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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