Reup Education Financing
Reup Education, Inc., Corporation just released form D regarding $2.00 million debt financing. The date of first sale was 2016-07-11. Reup Education was able to finance itself with $1.85 million. That is 92.50% of the financing round. The total offering amount was $2.00 million. The financing form was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $150,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Reup Education is based in California. The company’s business is Other Technology. The form D was filed by Jason Sanders CFO. The company was incorporated in 2015. The filler’s address is: 44 Tehama Street, San Francisco, Ca, California, 94105. Paul Freedman is the related person in the form and it has address: 44 Tehama Street, San Francisco, Ca, California, 94105. Link to Reup Education Filing: 000167998116000002.
Analysis of Reup Education Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Reup Education sold 92.50% of the offering. The financing is still open. Could this mean that the trust in Reup Education is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 20.13% bigger than the average for companies in the Other Technology sector. The minimum investment for this financing is set at $0. 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 Reup Education Also
The Form D signed by Jason Sanders might help Reup Education, 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.
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