Invenshure Llc, Limited Liability Company just submitted form D about $2.40 million equity financing. This is a new filing. Invenshure was able to finance itself with $150,002 so far. That is 6.25% of the offering. The total private offering amount was $2.40 million. The offering form was filed on 2016-11-07. The reason for the financing was: unspecified. The fundraising still has about $2.25 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Invenshure is based in Minnesota. The firm’s business is Other Technology. The D form was filed by Mark E Sylvester Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: 227 Colfax Avenue North, Suite 148, Minneapolis, Mn, Minnesota, 55405. Danny J. Cunagin is the related person in the form and it has address: 227 Colfax Avenue North, Suite 148, Minneapolis, Mn, Minnesota, 55405. Link to Invenshure Filing: 000123580216000322.
Analysis of Invenshure Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Invenshure sold 6.25% of the offering. The fundraising is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 90.26% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for different reasons and needs. The minimum investment for this financing was 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 Invenshure Also
The Form D signed by Mark E Sylvester might help Invenshure 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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