SEC Form D Coverage: Art Research & Technology L.L.C. $2.00 million Financing. THEODORE V HAIG Submitted Nov 9 SEC Filing

Technology Art Research & Technology, L.L.C. - THEODORE V HAIG

Art Research & Technology L.L.C. Financing

Art Research & Technology, L.L.C., Limited Liability Company just filed form D because of $2.00 million equity financing. This is a new filing. Art Research & Technology L.L.C. was able to sell $425,000 so far. That is 21.21% of the fundraising. The total financing amount was $2.00 million. The fundraising form was filed on 2016-11-09. The reason for the financing was: unspecified. The fundraising still has about $1.58 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Art Research & Technology L.L.C. is based in Arizona. The filler’s business is Other Technology. The form was signed by THEODORE V HAIG MANAGER. The company was incorporated more than five years ago. The filler’s address is: 2777 E. Camelback Rd., Suite 140, Phoenix, Az, Arizona, 85016. Barry Fernando is the related person in the form and it has address: 2777 E. Camelback Road, #140, Phoenix, Az, Arizona, 85016. Link to Art Research & Technology L.L.C. Filing: 000154178216000003.

Analysis of Art Research & Technology L.L.C. Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Art Research & Technology L.L.C. sold 21.21% of the offering. The fundraising is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 72.40% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering 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 Art Research & Technology L.L.C. Also

The Form D signed by THEODORE V HAIG might help Art Research & Technology, L.L.C.’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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