Mugar Western Avenue Financing
Mugar Western Avenue Llc, Limited Liability Company just submitted form D about $9.50 million equity financing. This is a new filing. Mugar Western Avenue was able to fundraise $9.50 million. That is 100.00% of the financing round. The total fundraising amount was $9.50 million. This form was filed on 2016-11-10. The reason for the financing was: unspecified.
Mugar Western Avenue is based in Alabama. The firm’s business is Commercial. The D form was filed by David T Ting Manager of Issuer. The company was incorporated in 2016. The filler’s address is: 222 Berkeley Street, Boston, Ma, Massachusetts, 02116. David T. Ting is the related person in the form and it has address: 222 Berkeley Street, Boston, Ma, Massachusetts, 02116. Link to Mugar Western Avenue Filing: 000168918116000001.
Analysis of Mugar Western Avenue Offering
On average, firms in the Commercial sector, sell 65.22% of the total offering amount. Mugar Western Avenue sold 100.00% of the offering. Could this mean that the trust in Mugar Western Avenue is high? The average offering size for companies in the Commercial industry is $1.60 million. The total amount raised is 493.75% bigger than the average for companies in the Commercial sector. The minimum investment for this offering was set at $0. 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 Mugar Western Avenue Also
The Form D signed by David T Ting might help Mugar Western Avenue 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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