Division33 Llc, Limited Liability Company just submitted form D because of $2.00 million equity financing. This is a new filing. Division33 was able to finance itself with $650,000 so far. That is 32.50% of the offering. The total private offering amount was $2.00 million. The financing form was filed on 2016-11-23. The reason for the financing was: The minimum investment amount is $150,000.00, but the manager reserves the right to waive this requirement and accept a lesser amount.. The fundraising still has about $1.35 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Division33 is based in Alabama. The filler’s business is Commercial. The D form was signed by Timothy J OBrien President of Manager of Sole Member of Manager of Issuer. The company was incorporated in 2016. The filler’s address is: 1306 Nw Hoyt Street, Suite 400, Portland, Or, Oregon, 97209. Timothy J. O’brien is the related person in the form and it has address: 1306 Nw Hoyt Street, Suite 400, Portland, Or, Oregon, 97209. Link to Division33 Filing: 000169068916000001.
Analysis of Division33 Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Division33 sold 32.50% of the offering. The financing is still open. The average offering size for companies in the Commercial industry is $1.60 million. The offering was 59.38% smaller than the average of $1.60 million. Of course this should not be interpreted as negative. Firms get financed for different needs and reasons. The minimum investment for this financing was set at $150000. 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 Division33 Also
The Form D signed by Timothy J OBrien might help Division33 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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