Intecrowd Llc, Limited Liability Company just released form D announcing $10.00 million equity financing. This is a new filing. Intecrowd Llc is expected to fundraise $10.00 million in this financing round. The total private financing amount was $10.00 million. The financing form was filed on 2016-11-15. The reason for the financing was: Triloma Securities, LLC will charge 5% placement fee and a 3% due diligence fee. The total placement and due diligence fees paid will not exceed 8% of the offering price.. The fundraising still has about $10.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Intecrowd is based in Florida. The filler’s business is Other Technology. The form was submitted by Donald D McDougal CEO/Manager. The company was incorporated in 2014. The filler’s address is: #3100 Technology Parkway, Partnership Building Ii, Orlando, Fl, Florida, 32826. Donald D Mcdougal is the related person in the form and it has address: #3100 Technology Parkway, Partnership Building Ii, Orlando, Fl, Florida, 32826. Link to Intecrowd Filing: 000164967716000003.
Analysis of Intecrowd Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Intecrowd sold 0.00% of the offering. The fundraising is still open. The average investment offering size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses get financed for a variety of reasons and needs. The minimum investment for this fundraising was set at $25000. 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 Intecrowd Also
The Form D signed by Donald D McDougal might help Intecrowd 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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