Form D to Follow: Rumpl $800000 Fundraising. Wylie Robinson Submitted Nov 14 Filing

Retailing Rumpl Inc. - Wylie Robinson

Rumpl Financing

Rumpl Inc., Corporation just released form D for $800,000 debt financing. This is a new filing. Rumpl was able to sell $690,000. That is 86.25% of the financing round. The total private offering amount was $800,000. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $110,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Rumpl is based in Alabama. The filler’s business is Retailing. The D form was signed by Wylie Robinson CEO. The company was incorporated in 2014. The filler’s address is: 350 Townsend St. #713, San Francisco, Ca, California, 94107. Wylie Robinson is the related person in the form and it has address: 350 Townsend #713, San Francisco, Ca, California, 94107. Link to Rumpl Filing: 000165361016000003.

Analysis of Rumpl Offering

On average, startups in the Retailing sector, sell 71.70% of the total offering amount. Rumpl sold 86.25% of the offering. The financing is still open. Could this mean that the trust in Rumpl is high? The average offering size for companies in the Retailing industry is $45,600. The total amount raised is 1,413.16% bigger than the average for companies in the Retailing sector. The minimum investment for this financing was set at $10000. 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 Rumpl Also

The Form D signed by Wylie Robinson might help Rumpl 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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