Protequus, Llc, Limited Liability Company just had published form D for $3.00 million equity financing. This is a new filing. Protequus was able to fundraise $1.05 million so far. That is 35.00% of the round of financing. The total private offering amount was $3.00 million. The form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $1.95 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Protequus is based in Alabama. The firm’s business is Other Technology. The form was signed by Jeffrey Schab Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 3001 S. Lamar Boulevard, Suite 250, Austin, Tx, Texas, 78704. Jeffrey Schab is the related person in the form and it has address: 3001 S. Lamar Boulevard, Suite 250, Austin, Tx, Texas, 78704. Link to Protequus Filing: 000168940816000001.
Analysis of Protequus Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Protequus sold 35.00% of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 31.82% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this offering was set at $150000. 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 Protequus Also
The Form D signed by Jeffrey Schab might help Protequus, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.