Twyla, Inc., Corporation just had published form D announcing $20.27 million equity financing. This is a new filing. Twyla was able to finance itself with $19.27 million. That is 95.07% of the financing round. The total fundraising amount was $20.27 million. The form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $1.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Twyla is based in Texas. The firm’s business is Retailing. The D form was submitted by James D Mann Sr. VP Finance. The company was incorporated in 2015. The filler’s address is: 209 West 9Th Street #200, Austin, Tx, Texas, 78701. David Krane is the related person in the form and it has address: 209 West 9Th Street #200, Austin, Tx, Texas, 78701. Link to Twyla Filing: 000168991516000002.
Analysis of Twyla Offering
On average, firms in the Retailing sector, sell 71.70% of the total offering size. Twyla sold 95.07% of the offering. The financing is still open. Could this mean that the trust in Twyla is high? The average investment size for companies in the Retailing industry is $45,600. The total amount raised is 42,148.78% bigger than the average for companies in the Retailing sector. The minimum investment for this offering 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 Twyla Also
The Form D signed by James D Mann might help Twyla, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.