Form D Worth Mentioning: Locate Holdings $13.70 million Fundraising. James OMalley Submitted Nov 10 Form D

Locate Holdings, Inc. - James OMalley

Locate Holdings Financing

Locate Holdings, Inc., Corporation just released form D for $13.70 million equity financing. This is a new filing. Locate Holdings was able to finance itself with $13.70 million. That is 100.00% of the round of financing. The total offering amount was $13.70 million. The financing document was filed on 2016-11-10. The reason for the financing was: unspecified.

Locate Holdings is based in California. The company’s business is not disclosed. The SEC form was filed by James OMalley Chief Financial Officer. The company was incorporated in 2013. The filler’s address is: C/O Leonard Green & Partners, L.P., 11111 Santa Monica Blvd., Ste. 2000, Los Angeles, Ca, California, 90025. Robert Tullman is the related person in the form and it has address: C/O Leonard Green & Partners, L.P, 11111 Santa Monica Blvd #2000, Los Angeles, Ca, California, 90025. Link to Locate Holdings Filing: 000114036116086392.

Analysis of Locate Holdings Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Locate Holdings sold 100.00% of the offering. Could this mean that the trust in Locate Holdings is high? The average offering size for companies in all industries in our database is $3.05 million. The total amount raised is 349.29% bigger than the average for companies in the database. The minimum investment for this offering was set at $0. 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 Locate Holdings Also

The Form D signed by James OMalley might help Locate Holdings, 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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