Accelerated Ag Technologies Financing
Accelerated Ag Technologies, Llc, Limited Liability Company just submitted form D because of $3.00 million equity financing. The date of first sale was 2016-10-01. Accelerated Ag Technologies was able to fundraise $1.29 million so far. That is 42.87% of the fundraising. The total private financing amount was $3.00 million. This form was filed on 2016-11-11. The reason for the financing was: unspecified. The fundraising still has about $1.71 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Accelerated Ag Technologies is based in Iowa. The company’s business is Other Technology. The form was signed by Todd L Krone President. The company was incorporated in 2015. The filler’s address is: 6607 Brook Ridge Ct., Johnston, Ia, Iowa, 50131. Todd Krone is the related person in the form and it has address: 6607 Brook Ridge Ct., Johnston, Ia, Iowa, 50131. Link to Accelerated Ag Technologies Filing: 000164861916000004.
Analysis of Accelerated Ag Technologies Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Accelerated Ag Technologies sold 42.87% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 16.49% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for different needs and reasons. The minimum investment for this financing is set at $50000. 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 Accelerated Ag Technologies Also
The Form D signed by Todd L Krone might help Accelerated Ag Technologies, 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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