Clover Letter Financing
Clover Letter, Inc., Corporation just had published form D because of $300,000 debt financing. This is a new filing. Clover Letter was able to finance itself with $100,000 so far. That is 33.33% of the round of financing. The total offering amount was $300,000. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $200,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Clover Letter is based in New York. The company’s business is not disclosed. The D form was signed by Liza Darwin President. The company was incorporated in 2016. The filler’s address is: 311 Washington Ave, B1, Brooklyn, Ny, New York, 11205. Liza Darwin is the related person in the form and it has address: 311 Washington Ave, B1, Brooklyn, Ny, New York, 11205. Link to Clover Letter Filing: 000168982616000001.
Analysis of Clover Letter Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Clover Letter sold 33.33% of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 96.72% smaller than the average of $3.05 million. Of course this should not be taken as negative. Businesses raise funds for different reasons and needs. The minimum investment for this fundraising was set at $25000. 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 Clover Letter Also
The Form D signed by Liza Darwin might help Clover Letter, 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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