Driverontap Holdings Financing
Driverontap Holdings Corp., Corporation just released form D because of $100,000 equity financing. This is a new filing. Driverontap Holdings was able to sell $100,000. That is 100.00% of the financing round. The total offering amount was $100,000. This form was filed on 2016-11-04. The reason for the financing was: unspecified.
Driverontap Holdings is based in Michigan. The firm’s business is not disclosed. The form D was signed by Jose R Ramirez Chairman. The company was incorporated in 2016. The filler’s address is: 400 Renaissance, Suite 2600, Detroit, Mi, Michigan, 48243. Jose Reynaldo Ramirez is the related person in the form and it has address: 400 Renaissance, Suite 2600, Detroit, Mi, Michigan, 48243. Link to Driverontap Holdings Filing: 000168939016000001.
Analysis of Driverontap Holdings Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Driverontap Holdings sold 100.00% of the offering. Could this mean that the trust in Driverontap Holdings is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 96.72% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this offering is set at $100000. 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 Driverontap Holdings Also
The Form D signed by Jose R Ramirez might help Driverontap Holdings Corp.’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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