Automotivemastermind, Inc, Corporation just submitted form D for $44.73 million equity financing. This is a new filing. Automotivemastermind was able to fundraise $44.73 million. That is 100.00% of the offering. The total private offering amount was $44.73 million. The fundraising form was filed on 2016-11-02. The reason for the financing was: Payment to Jefferies LLC, including amounts subject to future contingencies..
Automotivemastermind is based in New York. The firm’s business is Other Technology. The form was filed by Marco Schnabl Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 123 William Street, 15Th Floor, New York, Ny, New York, 10038. Marco Schnabl is the related person in the form and it has address: 123 William Street, 15Th Floor, New York, Ny, New York, 10038. Link to Automotivemastermind Filing: 000166728716000002.
Analysis of Automotivemastermind Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Automotivemastermind sold 100.00% of the offering. Could this mean that the trust in Automotivemastermind is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 2,804.51% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $7971199. 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 Automotivemastermind Also
The Form D signed by Marco Schnabl might help Automotivemastermind, 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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