South Bend 7 Financing
South Bend 7, Llc, Limited Liability Company just released form D because of $1.00 million equity financing. This is a new filing. South Bend 7 was able to fundraise $406,092 so far. That is 40.61% of the financing offer. The total private offering amount was $1.00 million. The offering form was filed on 2016-11-21. The reason for the financing was: unspecified. The fundraising still has about $593,908 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
South Bend 7 is based in California. The company’s business is Other Real Estate. The form was submitted by Leo Hefner Manager of HSJ Group, LLC, Manager. The company was incorporated in 2016. The filler’s address is: 5500 Grossmont Center Dr Suite 440-2423, La Mesa, Ca, California, 91942. Geoffrey Southworth is the related person in the form and it has address: 5500 Grossmont Center Dr Suite 440-2423, La Mesa, Ca, California, 91942. Link to South Bend 7 Filing: 000169071916000001.
Analysis of South Bend 7 Offering
On average, firms in the Other Real Estate sector, sell 100.00% of the total offering size. South Bend 7 sold 40.61% of the offering. The fundraising is still open. The average financing size for companies in the Other Real Estate industry is $931,000. The offering was 56.38% smaller than the average of $931,000. Of course this should not be taken as negative. Startups get financed for different needs and reasons. The minimum investment for this fundraising was set at $25000. 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 South Bend 7 Also
The Form D signed by Leo Hefner might help South Bend 7, 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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