SEC Form D Coverage: Groupgifting.Com $11.00 million Financing. Mark Manno Filed Oct 28 Form D

Technology Groupgifting.Com, Inc. - Mark Manno

Groupgifting.Com Financing

Groupgifting.Com, Inc., Corporation just submitted form D regarding $11.00 million equity financing. This is a new filing. Groupgifting.Com, Inc. is expected to finance itself with $11.00 million in this offering. The total offering amount was $11.00 million. The private financing document was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $11.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Groupgifting.Com is based in New York. The filler’s business is Other Technology. The form was signed by Mark Manno Chief Financial Officer. The company was incorporated in 2012. The filler’s address is: 315 Main Street, 2Nd Floor, Huntington, Ny, New York, 11743. Mark James Manno is the related person in the form and it has address: C/O Groupgifting.Com, Inc., 315 Main Street, 2Nd Floor, Huntington, Ny, New York, 11743. Link to Groupgifting.Com Filing: 000114420416130097.

Analysis of Groupgifting.Com Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Groupgifting.Com sold 0.00% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms get financed for different reasons and needs. The minimum investment for this fundraising is set at $24000. 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 Groupgifting.Com Also

The Form D signed by Mark Manno might help Groupgifting.Com, 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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