Today’s Form D Alert: Recovery Partners $500000 Financing. Mark Van Loucks Filed Nov 15 SEC Form

Technology Recovery Partners, Inc. - Mark Van Loucks

Recovery Partners Financing

Recovery Partners, Inc., Corporation just released form D about $500,000 debt financing. This is a new filing. Recovery Partners was able to finance itself with $300,000 so far. That is 60.00% of the financing offer. The total offering amount was $500,000. The offering form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $200,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Recovery Partners is based in Colorado. The filler’s business is Other Technology. The D form was signed by Mark Van Loucks President and Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 8100 East Union Avenue, Suite 1705, Denver, Co, Colorado, 80237. Mark Van Loucks is the related person in the form and it has address: 8100 East Union Avenue, Suite 1705, Denver, Co, Colorado, 80237. Link to Recovery Partners Filing: 000169082716000001.

Analysis of Recovery Partners Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Recovery Partners sold 60.00% of the offering. The fundraising is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 80.52% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms get financed for different needs and reasons. The minimum investment for this financing is 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 Recovery Partners Also

The Form D signed by Mark Van Loucks might help Recovery Partners, 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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