Newest Form D Filing: Saga Global Capital Management $600000 Financing. Kevin Klassen Published Oct 31 Form D

Banking and Financial Services Saga Global Capital Management, Llc - Kevin Klassen

Saga Global Capital Management Financing

Saga Global Capital Management, Llc, Limited Liability Company just had published form D because of $600,000 equity financing. The date of first sale was 2016-10-07. Saga Global Capital Management was able to sell $300,000 so far. That is 50.00% of the financing offer. The total private financing amount was $600,000. This form was filed on 2016-10-31. The reason for the financing was: unspecified. The fundraising still has about $300,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Saga Global Capital Management is based in Alberta – Canada. The firm’s business is Other Banking and Financial Services. The form was signed by Kevin Klassen President. The company was incorporated in 2011. The filler’s address is: 500 West Putnam Ave., Suite 400, Greenwich, Ct, Connecticut, 06830. Ryan Robert Dean is the related person in the form and it has address: 3540 W Sahara Ave Ste 752, Las Vegas, Nv, Nevada, 89102. Link to Saga Global Capital Management Filing: 000168792516000002.

Analysis of Saga Global Capital Management Offering

On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Saga Global Capital Management sold 50.00% of the offering. The financing is still open. The average fundraising amount for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 80.95% smaller than the average of $1.58 million. Of course this should not be taken as negative. Companies raise funds for different needs and reasons. The minimum investment for this financing is set at $50000. 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 Saga Global Capital Management Also

The Form D signed by Kevin Klassen might help Saga Global Capital Management, 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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