Prohcm Holdings Financing
Prohcm Holdings, Llc, Limited Liability Company just filed form D regarding $2.00 million equity and debt financing. This is a new filing. Prohcm Holdings was able to finance itself with $400,000 so far. That is 20.00% of the round of financing. The total offering amount was $2.00 million. The form was filed on 2016-11-02. The reason for the financing was: Above proceeds being used to fund a redemption of a portion of the related persons’ membership interests in the Company as consideration for their contribution of membership interests in the Company’s three wholly-owned operating subsidiaries.. The fundraising still has about $1.60 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Prohcm Holdings is based in Massachusetts. The filler’s business is Business Services. The SEC form was signed by Joseph D Markland Manager. The company was incorporated in 2016. The filler’s address is: 100 Stonewall Boulevard, Suite 101, Wrentham, Ma, Massachusetts, 02093. Joseph D. Markland is the related person in the form and it has address: 100 Stonewall Boulevard, Suite 101, Wrentham, Ma, Massachusetts, 02093. Link to Prohcm Holdings Filing: 000167034416000001.
Analysis of Prohcm Holdings Offering
On average, firms in the Business Services sector, sell 69.04% of the total offering size. Prohcm Holdings sold 20.00% of the offering. The fundraising is still open. The average investment floor size for companies in the Business Services industry is $583,000. The offering was 31.39% smaller than the average of $583,000. Of course this should not be seen as negative. Startups get financed for different needs and reasons. The minimum investment for this offering 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 Prohcm Holdings Also
The Form D signed by Joseph D Markland might help Prohcm Holdings, 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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