Tangerine Storage Financing
Tangerine Storage, L.P., Limited Partnership just had published form D about $2.63 million equity financing. This is a new filing. Tangerine Storage was able to finance itself with $2.63 million. That is 100.00% of the offering. The total fundraising amount was $2.63 million. The private financing document was filed on 2016-11-10. The reason for the financing was: unspecified.
Tangerine Storage is based in Alberta – Canada. The company’s business is Commercial. The D form was submitted by Will Matthews Managing Member of Macritchie Storage LLC general partner. The company was incorporated in 2016. The filler’s address is: C/O Macritchie Storage Llc, 435 4Th Ave., Sw, Suite 750, Calgary, A0, Alberta, Canada, T2p 3A8. Will Edward Derek Matthews is the related person in the form and it has address: C/O Macritchie Storage Llc, 435 4Th Ave., Sw, Suite 750, Calgaray, A0, Alberta, Canada, T2p 3A8. Link to Tangerine Storage Filing: 000168989616000001.
Analysis of Tangerine Storage Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Tangerine Storage sold 100.00% of the offering. Could this mean that the trust in Tangerine Storage is high? The average fundraising amount for companies in the Commercial industry is $1.60 million. The total amount raised is 64.06% bigger than the average for companies in the Commercial sector. The minimum investment for this offering is set at $1000. 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 Tangerine Storage Also
The Form D signed by Will Matthews might help Tangerine Storage, L.P.’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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