Pop Up Archive Financing
Pop Up Archive, Inc., Corporation just released form D regarding $650,000 equity financing. This is a new filing. Pop Up Archive was able to finance itself with $200,000 so far. That is 30.77% of the financing round. The total offering amount was $650,000. The financing form was filed on 2016-11-17. The reason for the financing was: NO SALES COMMISSIONS OR FINDERS’ FEES WERE PAID IN CONNECTION WITH THIS TRANSACTION.. The fundraising still has about $450,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pop Up Archive is based in California. The company’s business is Other Technology. The D form was signed by Anne Wootton Chief Executive Officer. The company was incorporated in 2014. The filler’s address is: 414 13Th Street, Suite 400, Oakland, Ca, California, 94612. Anne Wootton is the related person in the form and it has address: 414 13Th Street, Suite 400, Oakland, Ca, California, 94612. Link to Pop Up Archive Filing: 000168966916000001.
Analysis of Pop Up Archive Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Pop Up Archive sold 30.77% of the offering. The financing is still open. The average financing size 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 interpreted as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this financing was 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 Pop Up Archive Also
The Form D signed by Anne Wootton might help Pop Up Archive, 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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