Marmont, Inc., Corporation just had published form D announcing $653,475 equity financing. This is a new filing. Marmont was able to fundraise $298,476 so far. That is 45.68% of the financing offer. The total offering amount was $653,475. The financing document was filed on 2016-11-10. The reason for the financing was: unspecified. The fundraising still has about $354,999 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Marmont is based in Colorado. The firm’s business is Other Technology. The form was signed by Niel Robertson President & CEO. The company was incorporated in 2015. The filler’s address is: 511 Mountain View Road, Boulder, Co, Colorado, 80302. Niel Robertson is the related person in the form and it has address: C/O Marmont, Inc., 511 Mountain View Road, Boulder, Co, Colorado, 80302. Link to Marmont Filing: 000165741816000004.
Analysis of Marmont Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Marmont sold 45.68% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 80.62% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups get financed for different reasons and needs. The minimum investment for this fundraising was 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 Marmont Also
The Form D signed by Niel Robertson might help Marmont, Inc.’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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