Trustpoint Translations Financing
Trustpoint Translations, Llc, Limited Liability Company just filed form D because of $2.00 million equity financing. This is a new filing. Trustpoint Translations, Llc is expected to sell $2.00 million in this fundraising. The total private financing amount was $2.00 million. The financing document was filed on 2016-11-03. The reason for the financing was: Initial annual salary of Chief Executive Officer.. The fundraising still has about $2.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Trustpoint Translations is based in Georgia. The filler’s business is not disclosed. The form was submitted by Steve Simeone Treasurer. The company was incorporated in 2016. The filler’s address is: 3200 Cobb Galleria Parkway, Suite 200, Atlanta, Ga, Georgia, 30339. Claes Holm is the related person in the form and it has address: 3200 Cobb Galleria Parkway, Suite 200, Atlanta, Ga, Georgia, 30339. Link to Trustpoint Translations Filing: 000168791216000004.
Analysis of Trustpoint Translations Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Trustpoint Translations sold 0.00% of the offering. The financing is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering is set at $50000. 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 Trustpoint Translations Also
The Form D signed by Steve Simeone might help Trustpoint Translations, 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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