Form D Flow: Surgo Group $2.67 million Fundraising. Travis Tillotson Filed Oct 31 D form

Surgo Group Llc - Travis Tillotson

Surgo Group Financing

Surgo Group Llc, Limited Liability Company just filed form D because of $2.67 million equity financing. The date of first sale was 2015-06-25. Surgo Group was able to sell $2.67 million. That is 100.00% of the fundraising offer. The total private offering amount was $2.67 million. The form was filed on 2016-10-31. The reason for the financing was: unspecified.

Surgo Group is based in New York. The firm’s business is not disclosed. The D form was submitted by Travis Tillotson Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 40 Worth Street, 10Th Floor, New York, Ny, New York, 10013. Travis Tillotson is the related person in the form and it has address: 40 Worth Street, 10Th Floor, New York, Ny, New York, 10013. Link to Surgo Group Filing: 000167095416000002.

Analysis of Surgo Group Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Surgo Group sold 100.00% of the offering. Could this mean that the trust in Surgo Group is high? The average offering amount for companies in all industries in our database is $3.05 million. The offering was 12.30% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this offering was set at $100000. 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 Surgo Group Also

The Form D signed by Travis Tillotson might help Surgo 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.

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