English Helper Financing
English Helper, Inc., Corporation just submitted form D for $3.20 million equity financing. This is a new filing. English Helper was able to finance itself with $2.65 million. That is 82.81% of the round of financing. The total fundraising amount was $3.20 million. This form was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $550,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
English Helper is based in Massachusetts. The filler’s business is Other Technology. The form was filed by Venkat Srinivasan Chairman. The company was incorporated more than five years ago. The filler’s address is: 3 Allied Dr., Suite 230, Dedham, Ma, Massachusetts, 02026. Venkat Srinivasan is the related person in the form and it has address: 3 Allied Drive, Suite 230, Dedham, Ma, Massachusetts, 02026. Link to English Helper Filing: 000154210416000001.
Analysis of English Helper Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. English Helper sold 82.81% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The total amount raised is 72.08% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $50000. If you know more about the reasons for the fundraising, 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 English Helper Also
The Form D signed by Venkat Srinivasan might help English Helper, 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.