Form D: Hopper $6.56 million Financing. Frederic Lalonde Published Nov 22 Form D

Travel Hopper Inc. - Frederic Lalonde

Hopper Financing

Hopper Inc., Corporation just submitted form D about $6.56 million equity financing. This is a new filing. Hopper was able to fundraise $3.56 million so far. That is 54.28% of the fundraising offer. The total fundraising amount was $6.56 million. This form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Hopper is based in Quebec – Canada. The filler’s business is Other Travel. The D form was submitted by Frederic Lalonde Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 5795 De Gaspe, Suite 100, Montreal, A8, Quebec, Canada, H2s 2X3. Frederic Lalonde is the related person in the form and it has address: 5795 De Gaspe, Suite 100, Montreal, A8, Quebec, Canada, H2s 2X3. Link to Hopper Filing: 000155639916000001.

Analysis of Hopper Offering

On average, startups in the Other Travel sector, sell 73.00% of the total offering size. Hopper sold 54.28% of the offering. The fundraising is still open. The average investment offering size for companies in the Other Travel industry is $518,000. The total amount raised is 587.52% bigger than the average for companies in the Other Travel sector. The minimum investment for this fundraising 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 Hopper Also

The Form D signed by Frederic Lalonde might help Hopper 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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