SEC Form D Coverage: Househappy $2.50 million Financing. Marcia Stilwell Submitted Nov 18 Form D

Technology Househappy Inc. - Marcia Stilwell

Househappy Financing

Househappy Inc., Corporation just filed form D because of $2.50 million equity financing. This is a new filing. Househappy was able to finance itself with $935,000 so far. That is 37.40% of the fundraising offer. The total offering amount was $2.50 million. The offering form was filed on 2016-11-18. The reason for the financing was: unspecified. The fundraising still has about $1.57 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Househappy is based in Oregon. The firm’s business is Other Technology. The D form was submitted by Marcia Stilwell CFO, Secretary & Treasurer. The company was incorporated in 2011. The filler’s address is: 727 Ne 24Th Avenue, Portland, Or, Oregon, 97232. Kevin Mccloskey is the related person in the form and it has address: 727 Ne 24Th Avenue, Portland, Or, Oregon, 97232. Link to Househappy Filing: 000154149716000005.

Analysis of Househappy Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Househappy sold 37.40% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Technology industry is $1.54 million. The offering was 39.29% smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies get financed for different needs and reasons. The minimum investment for this fundraising was set at $0. 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 Househappy Also

The Form D signed by Marcia Stilwell might help Househappy 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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