Popbookings, Llc, Limited Liability Company just had published form D announcing $1.00 million equity financing. This is a new filing. Popbookings was able to sell $200,000 so far. That is 20.00% of the financing round. The total fundraising amount was $1.00 million. This form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $800,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Popbookings is based in Missouri. The firm’s business is Other Technology. The D form was submitted by Scott Hanson Manager. The company was incorporated in 2014. The filler’s address is: 127 W. 10Th Street, Suite 102, Kansas City, Mo, Missouri, 64105. Scott Hanson is the related person in the form and it has address: 127 W. 10Th Street, Suite 102, Kansas City, Mo, Missouri, 64105. Link to Popbookings Filing: 000165259816000003.
Analysis of Popbookings Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Popbookings sold 20.00% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be seen as negative. Businesses get financed for different reasons and needs. The minimum investment for this fundraising 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 Popbookings Also
The Form D signed by Scott Hanson might help Popbookings, 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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