Novellus Llc, Limited Liability Company just had published form D about $2.50 million debt financing. This is a new filing. Novellus was able to sell $1.00 million so far. That is 40.00% of the financing offer. The total private financing amount was $2.50 million. The offering form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $1.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Novellus is based in Massachusetts. The filler’s business is Pharmaceuticals. The form was submitted by Matthew Angel Manager. The company was incorporated in 2014. The filler’s address is: 8 Museum Way, #2204, Cambridge, Ma, Massachusetts, 02141. Matthew Angel is the related person in the form and it has address: Novellus Llc, 8 Museum Way, #2204, Cambridge, Ma, Massachusetts, 02141. Link to Novellus Filing: 000168747216000001.
Analysis of Novellus Offering
On average, companies in the Pharmaceuticals sector, sell 60.90% of the total offering size. Novellus sold 40.00% of the offering. The financing is still open. The average offering size for companies in the Pharmaceuticals industry is $556,000. The total amount raised is 79.86% bigger than the average for companies in the Pharmaceuticals sector. The minimum investment for this offering was 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 Novellus Also
The Form D signed by Matthew Angel might help Novellus 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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