South Pier Sheboygan Financing
South Pier Sheboygan, Llc, Limited Liability Company just filed form D announcing $1.20 million equity financing. This is a new filing. South Pier Sheboygan was able to sell $1.03 million. That is 86.00% of the round of financing. The total private financing amount was $1.20 million. The fundraising form was filed on 2016-10-30. The reason for the financing was: unspecified. The fundraising still has about $168,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
South Pier Sheboygan is based in Wisconsin. The firm’s business is Residential. The form was filed by David Griffith Manager. The company was incorporated in 2016. The filler’s address is: 10060 W. Loomis Road, Franklin, Wi, Wisconsin, 53132. David Griffith is the related person in the form and it has address: 10060 W. Loomis Rd., Franklin, Wi, Wisconsin, 53132. Link to South Pier Sheboygan Filing: 000168922216000001.
Analysis of South Pier Sheboygan Offering
On average, startups in the Residential sector, sell 100.00% of the total offering amount. South Pier Sheboygan sold 86.00% of the offering. The financing is still open. The average offering size for companies in the Residential industry is $178,000. The total amount raised is 479.78% bigger than the average for companies in the Residential sector. The minimum investment for this offering was set at $24000. 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 South Pier Sheboygan Also
The Form D signed by David Griffith might help South Pier Sheboygan, 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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