1873 Group Financing
1873 Group, Llc, Limited Liability Company just filed form D because of $2.00 million equity financing. The date of first sale was 2015-01-21. 1873 Group was able to sell $950,000 so far. That is 47.50% of the round of financing. The total financing amount was $2.00 million. The financing document was filed on 2016-10-31. The reason for the financing was: Minimum subscription of $600,000.00 is provided. The fundraising still has about $1.05 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
1873 Group is based in Connecticut. The filler’s business is REITS and Finance. The D form was signed by Richard P Boccaccio Manager. The company was incorporated in 2013. The filler’s address is: C/O The Hartford Club, 46 Prospect Street, Hartford, Ct, Connecticut, 06103. Richard P. Boccaccio is the related person in the form and it has address: 36 Trumbull Street, Hartford, Ct, Connecticut, 06103. Link to 1873 Group Filing: 000163095916000005.
Analysis of 1873 Group Offering
On average, startups in the REITS and Finance sector, sell 56.00% of the total offering amount. 1873 Group sold 47.50% of the offering. The financing is still open. The average investment offering size for companies in the REITS and Finance industry is $988,700. The offering was 3.91% smaller than the average of $988,700. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this offering was set at $5000. 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 1873 Group Also
The Form D signed by Richard P Boccaccio might help 1873 Group, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.