Crb Group Financing
Crb Group, Inc., Corporation just released form D announcing $31.96 million equity financing. This is a new filing. Crb Group was able to sell $28.00 million. That is 87.60% of the round of financing. The total financing amount was $31.96 million. The private financing document was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $3.96 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Crb Group is based in Alabama. The firm’s business is Other Banking and Financial Services. The form was submitted by Gilles Gade Chairman & Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 400 Kelby Street, 14Th Floor, Fort Lee, Nj, New Jersey, 07024. Gilles Gade is the related person in the form and it has address: 400 Kelby Street, 14Th Floor, Fort Lee, Nj, New Jersey, 07024. Link to Crb Group Filing: 000168843116000001.
Analysis of Crb Group Offering
On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Crb Group sold 87.60% of the offering. The fundraising is still open. Could this mean that the trust in Crb Group is high? The average fundraising size for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 1,677.78% bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this fundraising is set at $0. 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 Crb Group Also
The Form D signed by Gilles Gade might help Crb Group, 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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