Croe, Inc., Corporation just released form D announcing $50,000 equity financing. This is a new filing. Croe was able to sell $42,750. That is 85.50% of the offering. The total offering amount was $50,000. The form was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $7,250 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Croe is based in Utah. The filler’s business is not disclosed. The form was signed by Deborah Thomas Chief Executive Officer and Chairman. The company was incorporated in 2013. The filler’s address is: 11650 South State Street, Suite 240, Draper, Ut, Utah, 84020. Deborah Thomas is the related person in the form and it has address: 11650 South State Street, Suite 240, Draper, Ut, Utah, 84020. Link to Croe Filing: 000139160916000630.
Analysis of Croe Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Croe sold 85.50% of the offering. The fundraising is still open. Could this mean that the trust in Croe is high? The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 98.60% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this fundraising is set at $500. 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 Croe Also
The Form D signed by Deborah Thomas might help Croe, 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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