Independent Data Management Financing
Independent Data Management, Llc, Limited Liability Company just released form D regarding $2.50 million equity financing. This is a new filing. Independent Data Management was able to sell $125,000 so far. That is 5.00% of the round of financing. The total financing amount was $2.50 million. The offering form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $2.38 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Independent Data Management is based in Illinois. The company’s business is Agriculture. The SEC form was signed by Deb Casurella President. The company was incorporated in 2012. The filler’s address is: 405 South Banker Street, Effingham, Il, Illinois, 62401. Deb Casurella is the related person in the form and it has address: 405 South Banker Street, Effingham, Il, Illinois, 62401. Link to Independent Data Management Filing: 000166675216000003.
Analysis of Independent Data Management Offering
On average, companies in the Agriculture sector, sell 63.30% of the total offering amount. Independent Data Management sold 5.00% of the offering. The financing is still open. The average offering amount for companies in the Agriculture industry is $287,000. The offering was 56.45% smaller than the average of $287,000. Of course this should not be taken as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this fundraising is set at $125000. 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 Independent Data Management Also
The Form D signed by Deb Casurella might help Independent Data Management, 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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