Kogae, Llc, Limited Liability Company just released form D announcing $475,000 equity and debt financing. This is a new filing. Kogae was able to finance itself with $350,000 so far. That is 73.68% of the fundraising. The total financing amount was $475,000. The financing form was filed on 2016-10-28. The reason for the financing was: Equity sold: $75,000.00Debt sold: $275,000.00. The fundraising still has about $125,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Kogae is based in Oregon. The filler’s business is Agriculture. The form was submitted by John C Sanborn Manager. The company was incorporated in 2016. The filler’s address is: 298 Nw Linster Place, Bend, Or, Oregon, 97703. John C. Sanborn is the related person in the form and it has address: 298 Nw Linster Place, Bend, Or, Oregon, 97703. Link to Kogae Filing: 000168811416000001.
Analysis of Kogae Offering
On average, startups in the Agriculture sector, sell 63.30% of the total offering size. Kogae sold 73.68% of the offering. The financing is still open. Could this mean that the trust in Kogae is high? The average fundraising size for companies in the Agriculture industry is $287,000. The total amount raised is 21.95% bigger than the average for companies in the Agriculture sector. The minimum investment for this financing was set at $25000. 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 Kogae Also
The Form D signed by John C Sanborn might help Kogae, 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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