Saga Global Capital Management Financing
Saga Global Capital Management, Llc, Limited Liability Company just submitted form D about $600,000 equity financing. This is a new filing. Saga Global Capital Management was able to sell $300,000 so far. That is 50.00% of the fundraising. The total private offering amount was $600,000. The fundraising form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Saga Global Capital Management is based in Alberta – Canada. The firm’s business is Other Banking and Financial Services. The D form was submitted by Kevin Klassen President. The company was incorporated in 2016. The filler’s address is: 500 West Putnam Ave., Suite 400, Greenwich, Ct, Connecticut, 06830. Ryan Robert Dean is the related person in the form and it has address: 3540 W Sahara Ave Ste 752, Las Vegas, Nv, Nevada, 89102. Link to Saga Global Capital Management Filing: 000168792516000001.
Analysis of Saga Global Capital Management Offering
On average, firms in the Other Banking and Financial Services sector, sell 60.00% of the total offering size. Saga Global Capital Management sold 50.00% of the offering. The fundraising is still open. The average financing size for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 80.95% smaller than the average of $1.58 million. Of course this should not be interpreted as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing was set at $50000. 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 Saga Global Capital Management Also
The Form D signed by Kevin Klassen might help Saga Global Capital Management, 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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