Milieu Llc, Limited Liability Company just had published form D about $2.30 million equity financing. This is a new filing. Milieu was able to finance itself with $273,125 so far. That is 11.88% of the fundraising offer. The total fundraising amount was $2.30 million. The private financing document was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $2.03 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Milieu is based in California. The filler’s business is Restaurants. The form D was signed by Aarti Shetty LLC Manager. The company was incorporated in 2016. The filler’s address is: 1036 Jackson St., San Francisco, Ca, California, 94133. Aarti Shetty is the related person in the form and it has address: 1036 Jackson St., San Francisco, Ca, California, 94133. Link to Milieu Filing: 000168888616000001.
Analysis of Milieu Offering
On average, companies in the Restaurants sector, sell 99.00% of the total offering amount. Milieu sold 11.88% of the offering. The financing is still open. The average offering amount for companies in the Restaurants industry is $302,000. The offering was 9.56% smaller than the average of $302,000. Of course this should not be interpreted as negative. Companies raise funds for different reasons and needs. The minimum investment for this fundraising was set at $14375. 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 Milieu Also
The Form D signed by Aarti Shetty might help Milieu 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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