SEC Form D Coverage: Smartprocure $3.00 million Fundraising. JEFFREY RUBENSTEIN Submitted Oct 11 SEC Filing

Business Services Smartprocure, Inc. - JEFFREY RUBENSTEIN

Smartprocure Financing

Smartprocure, Inc., Corporation just submitted form D for $3.00 million equity financing. This is a new filing. Smartprocure, Inc. is expected to sell $3.00 million in this fundraising offer. The total financing amount was $3.00 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Smartprocure is based in Florida. The filler’s business is Business Services. The D form was signed by JEFFREY RUBENSTEIN PRESIDENT & CEO. The company was incorporated in 2014. The filler’s address is: 700 W. Hillsboro Blvd. #4-100, Deerfield Beach, Fl, Florida, 33441. Jeffrey Rubenstein is the related person in the form and it has address: 700 W. Hillsboro Blvd #4-100, Deerfield Beach, Fl, Florida, 33441. Link to Smartprocure Filing: 000162604516000001.

Analysis of Smartprocure Offering

On average, firms in the Business Services sector, sell 69.04% of the total offering amount. Smartprocure sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Business Services industry is $583,000. The offering was 100.00% smaller than the average of $583,000. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this fundraising 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 Smartprocure Also

The Form D signed by JEFFREY RUBENSTEIN might help Smartprocure, 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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