Affl Associates Financing
Affl Associates, Llc, Limited Liability Company just filed form D about $4.50 million equity financing. This is a new filing. Affl Associates, Llc is expected to sell $4.50 million in this round of financing. The total fundraising amount was $4.50 million. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $4.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Affl Associates is based in Alabama. The firm’s business is not disclosed. The SEC form was signed by Jeffrey Lewis CEO. The company was incorporated in 2016. The filler’s address is: 50 East 79Th Street, Apt. 2A, New York, Ny, New York, 10075. Jeffrey Lewis is the related person in the form and it has address: 50 East 79Th Street, Apt. 2A, New York, Ny, New York, 10075. Link to Affl Associates Filing: 000169043316000001.
Analysis of Affl Associates Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Affl Associates sold 0.00% of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups raise funds for a variety of reasons and needs. The minimum investment for this fundraising was set at $1. 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 Affl Associates Also
The Form D signed by Jeffrey Lewis might help Affl Associates, 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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