Form D On Watch: Optimum Energy $6.00 million Financing. BERT HOGUE Submitted Nov 4 Form D

Technology Optimum Energy Llc - BERT HOGUE

Optimum Energy Financing

Optimum Energy Llc, Limited Liability Company just released form D about $6.00 million equity financing. This is a new filing. Optimum Energy was able to fundraise $3.00 million so far. That is 50.00% of the financing offer. The total private offering amount was $6.00 million. The form was filed on 2016-11-04. The reason for the financing was: unspecified. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Optimum Energy is based in Washington. The company’s business is Other Technology. The D form was filed by BERT HOGUE CHIEF FINANCIAL OFFICER. The company was incorporated more than five years ago. The filler’s address is: 411 First Avenue South, Suite 500, Seattle, Wa, Washington, 98104. Robert Andrews is the related person in the form and it has address: 411 First Avenue South, Suite 500, Seattle, Wa, Washington, 98104. Link to Optimum Energy Filing: 000141809716000003.

Analysis of Optimum Energy Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Optimum Energy sold 50.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The total amount raised is 94.81% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. 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 Optimum Energy Also

The Form D signed by BERT HOGUE might help Optimum Energy 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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