Weeschool, Inc., Corporation just had published form D because of $200,000 equity financing. This is a new filing. Weeschool was able to sell $200,000. That is 100.00% of the financing offer. The total private financing amount was $200,000. The private financing document was filed on 2016-11-17. The reason for the financing was: unspecified.
Weeschool is based in Colorado. The company’s business is Other Technology. The form D was filed by Ricks Simms CFO. The company was incorporated in 2015. The filler’s address is: 6295 Greenwood Plaza Blvd., Suite 100, Greenwood Village, Co, Colorado, 80111. William Clark is the related person in the form and it has address: 6295 Greenwood Plaza Blvd. Suite 100, Greenwood Village, Co, Colorado, 80111. Link to Weeschool Filing: 000168419916000004.
Analysis of Weeschool Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Weeschool sold 100.00% of the offering. Could this mean that the trust in Weeschool is high? The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for different reasons and needs. The minimum investment for this offering is set at $0. 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 Weeschool Also
The Form D signed by Ricks Simms might help Weeschool, 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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