Revolar Inc., Corporation just had published form D because of $2.00 million debt financing. This is a new filing. Revolar was able to finance itself with $1.50 million so far. That is 75.00% of the financing round. The total financing amount was $2.00 million. The financing document was filed on 2016-11-10. The reason for the financing was: The persons named in Item 3 may receive payments deemed to be made from the proceeds of the offering, including salaries. The amount of such payments cannot be estimated at this time.. The fundraising still has about $500,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Revolar is based in Colorado. The firm’s business is Other Technology. The SEC form was signed by Jacqueline Ros CEO. The company was incorporated in 2013. The filler’s address is: 800 Grant St., #120, Denver, Co, Colorado, 80203. Jacqueline Ros is the related person in the form and it has address: 800 Grant St., #120, Denver, Co, Colorado, 80203. Link to Revolar Filing: 000163748516000008.
Analysis of Revolar Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Revolar sold 75.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 2.60% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for a variety of needs and reasons. 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 Revolar Also
The Form D signed by Jacqueline Ros might help Revolar 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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