Cloud Van Lines Financing
Cloud Van Lines, Llc, Limited Liability Company just had published form D for $1.00 million equity financing. This is a new filing. Cloud Van Lines was able to sell $850,000. That is 85.00% of the financing offer. The total offering amount was $1.00 million. This form was filed on 2016-11-02. The reason for the financing was: unspecified. The fundraising still has about $150,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Cloud Van Lines is based in Pennsylvania. The filler’s business is Other Technology. The SEC form was filed by Jeffrey Chizmas Manager. The company was incorporated in 2014. The filler’s address is: 5900 North Cannon Avenue, Lansdale, Pa, Pennsylvania, 19446. Jeffrey Chizmas is the related person in the form and it has address: C/O Cloud Van Lines, Llc, 5900 North Cannon Avenue, Lansdale, Pa, Pennsylvania, 19446. Link to Cloud Van Lines Filing: 000168823816000001.
Analysis of Cloud Van Lines Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Cloud Van Lines sold 85.00% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 44.81% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups raise funds for different reasons and needs. The minimum investment for this offering was set at $0. 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 Cloud Van Lines Also
The Form D signed by Jeffrey Chizmas might help Cloud Van Lines, 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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