Elmstone Group Op2 Financing
Elmstone Group Op2, Llc, Limited Liability Company just filed form D because of $4.50 million equity financing. This is a new filing. Elmstone Group Op2 was able to fundraise $3.94 million. That is 87.60% of the financing offer. The total fundraising amount was $4.50 million. The fundraising form was filed on 2016-10-31. The reason for the financing was: unspecified. The fundraising still has about $558,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Elmstone Group Op2 is based in Texas. The filler’s business is Residential. The form D was signed by Shari L Gould Manager. The company was incorporated in 2016. The filler’s address is: 7259 Dogwood Creek Lane, Dallas, Tx, Texas, 75252. Shari L. Gould is the related person in the form and it has address: 7259 Dogwood Creek Lane, Dallas, Tx, Texas, 75252. Link to Elmstone Group Op2 Filing: 000168855516000001.
Analysis of Elmstone Group Op2 Offering
On average, firms in the Residential sector, sell 100.00% of the total offering size. Elmstone Group Op2 sold 87.60% of the offering. The fundraising is still open. The average offering amount for companies in the Residential industry is $178,000. The total amount raised is 2,114.61% bigger than the average for companies in the Residential sector. The minimum investment for this offering is set at $50000. 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 Elmstone Group Op2 Also
The Form D signed by Shari L Gould might help Elmstone Group Op2, 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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