Form D Reporting: Ultracell Insulation $750000 Fundraising. Jonathan Strimling Released Nov 21 Form D

Ultracell Insulation, Llc - Jonathan Strimling

Ultracell Insulation Financing

Ultracell Insulation, Llc, Limited Liability Company just filed form D announcing $750,000 debt financing. This is a new filing. Ultracell Insulation was able to finance itself with $20,000 so far. That is 2.67% of the round of financing. The total offering amount was $750,000. The form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $730,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Ultracell Insulation is based in Massachusetts. The filler’s business is not disclosed. The D form was submitted by Jonathan Strimling Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: One Broadway, 14Th Floor, Cambridge, Ma, Massachusetts, 02142. Jonathan Strimling is the related person in the form and it has address: One Broadway, 14Th Floor, Cambridge, Ma, Massachusetts, 02142. Link to Ultracell Insulation Filing: 000166849216000002.

Analysis of Ultracell Insulation Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Ultracell Insulation sold 2.67% of the offering. The financing is still open. The average offering size for companies in all industries in our database is $3.05 million. The offering was 99.34% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this offering was set at $5000. 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 Ultracell Insulation Also

The Form D signed by Jonathan Strimling might help Ultracell Insulation, 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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