Wolf Point Holdings Financing
Wolf Point Holdings, Llc, Limited Liability Company just submitted form D for $3.70 million equity financing. This is a new filing. Wolf Point Holdings was able to sell $50,000 so far. That is 1.35% of the round of financing. The total fundraising amount was $3.70 million. The private financing document was filed on 2016-11-10. The reason for the financing was: Proceeds available for working capital will be used to fund the Issuer’s operations, include payment of salaries to the managers.. The fundraising still has about $3.65 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Wolf Point Holdings is based in Illinois. The firm’s business is Insurance. The D form was submitted by Dominic Volini Manager. The company was incorporated in 2016. The filler’s address is: 35 E. Wacker Drive, Floors 37 And 38, Chicago, Il, Illinois, 60601. Dominic Volini is the related person in the form and it has address: 35 E. Wacker Drive, Floors 37 And 38, Chicago, Il, Illinois, 60601. Link to Wolf Point Holdings Filing: 000168964416000001.
Analysis of Wolf Point Holdings Offering
On average, companies in the Insurance sector, sell 70.00% of the total offering size. Wolf Point Holdings sold 1.35% of the offering. The financing is still open. The average investment size for companies in the Insurance industry is $996,000. The offering was 94.98% smaller than the average of $996,000. Of course this should not be seen as negative. Companies raise funds for different needs and reasons. The minimum investment for this offering is set at $50000. 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 Wolf Point Holdings Also
The Form D signed by Dominic Volini might help Wolf Point Holdings, 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.
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