Form D Don’t Lie: Relish $1.50 million Financing. Sarah F Rumbaugh Submitted Oct 28 D Filing

Relish, Inc. - Sarah F Rumbaugh

Relish Financing

Relish, Inc., Corporation just submitted form D about $1.50 million equity financing. This is a new filing. Relish was able to fundraise $659,425 so far. That is 44.01% of the financing round. The total private offering amount was $1.50 million. The financing form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $838,798 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Relish is based in Alabama. The firm’s business is not disclosed. The D form was submitted by Sarah F Rumbaugh President and Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 1575 Beau Pre Lane, Charlottesville, Va, Virginia, 22901. Sarah F. Rumbaugh is the related person in the form and it has address: 1575 Beau Pre Lane, Charlottesville, Va, Virginia, 22901. Link to Relish Filing: 000168839716000001.

Analysis of Relish Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Relish sold 44.01% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 78.38% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses get financed for different needs and reasons. The minimum investment for this fundraising is set at $0. If you know more about the reasons for the fundraising, 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 Relish Also

The Form D signed by Sarah F Rumbaugh might help Relish, 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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