New Group Holdings Financing
New Group Holdings, Inc., Corporation just had published form D about $5.45 million equity financing. This is a new filing. New Group Holdings was able to sell $4.03 million so far. That is 73.94% of the fundraising. The total financing amount was $5.45 million. The private financing document was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $1.42 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
New Group Holdings is based in New York. The firm’s business is Other Technology. The form was submitted by Andrew Deitchman Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 130 W. 18Th St., Skylight Studio, New York, Ny, New York, 10011. George Alan Bender is the related person in the form and it has address: C/O The New Group Holdings, Inc., 130 W. 18Th St., Skylight Studio, New York, Ny, New York, 10011. Link to New Group Holdings Filing: 000168884916000001.
Analysis of New Group Holdings Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. New Group Holdings sold 73.94% of the offering. The financing is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 161.69% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $0. 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 New Group Holdings Also
The Form D signed by Andrew Deitchman might help New Group Holdings, 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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