Form D of The Day: Undercover Colors $5.54 million Financing. Stephen Gray Published Nov 10 Form D

Undercover Colors, Inc. - Stephen Gray

Undercover Colors Financing

Undercover Colors, Inc., Corporation just submitted form D because of $5.54 million equity financing. This is a new filing. Undercover Colors was able to finance itself with $5.54 million. That is 100.00% of the offering. The total fundraising amount was $5.54 million. The private financing document was filed on 2016-11-10. The reason for the financing was: unspecified.

Undercover Colors is based in North Carolina. The filler’s business is not disclosed. The form was signed by Stephen Gray Secretary. The company was incorporated in 2014. The filler’s address is: 840 Main Campus Drive, Room 3570, Raleigh, Nc, North Carolina, 27606. Tyler Confrey-Maloney is the related person in the form and it has address: 840 Main Campus Drive, Room 3570, Raleigh, Nc, North Carolina, 27606. Link to Undercover Colors Filing: 000114036116085762.

Analysis of Undercover Colors Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Undercover Colors sold 100.00% of the offering. Could this mean that the trust in Undercover Colors is high? The average fundraising size for companies in all industries in our database is $3.05 million. The total amount raised is 81.56% bigger than the average for companies in the database. The minimum investment for this offering is 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 Undercover Colors Also

The Form D signed by Stephen Gray might help Undercover Colors, 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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