Living Tags Financing
Living Tags, Llc, Limited Liability Company just had published form D for $1.00 million equity financing. This is a new filing. Living Tags was able to finance itself with $225,000 so far. That is 22.50% of the offering. The total private financing amount was $1.00 million. The offering form was filed on 2016-11-03. The reason for the financing was: unspecified. The fundraising still has about $775,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Living Tags is based in Alabama. The filler’s business is Other Technology. The form D was signed by Lance Nicholes Chief Financial Officer. The company was incorporated in 2016. The filler’s address is: 333 South 520 West, Suite 160C, Lindon, Ut, Utah, 84042. Lance Nicholes is the related person in the form and it has address: 333 South 520 West, Suite 160C, Lindon, Ut, Utah, 84042. Link to Living Tags Filing: 000168924416000001.
Analysis of Living Tags Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Living Tags sold 22.50% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 85.39% smaller than the average of $1.54 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. The minimum investment for this offering is set at $225000. 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 Living Tags Also
The Form D signed by Lance Nicholes might help Living Tags, 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.