Craft3, Corporation just submitted form D announcing $20.00 million debt financing. The date of first sale was 2013-07-01. Craft3 was able to fundraise $8.86 million so far. That is 44.28% of the offering. The total private offering amount was $20.00 million. The fundraising form was filed on 2016-11-01. The reason for the financing was: unspecified. The fundraising still has about $11.14 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Craft3 is based in Washington. The filler’s business is not disclosed. The SEC form was signed by David Oser Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 203 Howerton Way, Ilwaco, Wa, Washington, 98264. David Oser is the related person in the form and it has address: 203 Howerton Way, Ilwaco, Wa, Washington, 98624. Link to Craft3 Filing: 000157370816000003.
Analysis of Craft3 Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Craft3 sold 44.28% of the offering. The fundraising is still open. The average offering amount for companies in all industries in our database is $3.05 million. The total amount raised is 190.36% bigger than the average for companies in the database. The minimum investment for this offering was set at $5000. 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 Craft3 Also
The Form D signed by David Oser might help Craft3’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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