Form D Buzzer: Ecovative Design $5.07 million Fundraising. Joseph Risico Published Oct 31 Filing

Technology Ecovative Design Llc - Joseph Risico

Ecovative Design Financing

Ecovative Design Llc, Limited Liability Company just released form D for $5.07 million equity financing. This is a new filing. Ecovative Design was able to finance itself with $5.07 million. That is 100.00% of the financing offer. The total financing amount was $5.07 million. The form was filed on 2016-10-31. The reason for the financing was: Subject to future contingencies..

Ecovative Design is based in New York. The filler’s business is Other Technology. The form D was filed by Joseph Risico EVP, Business Development. The company was incorporated more than five years ago. The filler’s address is: 70 Cohoes Avenue, Green Island, Ny, New York, 12183. Eben Bayer is the related person in the form and it has address: 70 Cohoes Avenue, Green Island, Ny, New York, 12183. Link to Ecovative Design Filing: 000152145816000003.

Analysis of Ecovative Design Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Ecovative Design sold 100.00% of the offering. Could this mean that the trust in Ecovative Design is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 229.43% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing was set at $1. 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 Ecovative Design Also

The Form D signed by Joseph Risico might help Ecovative Design 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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