Lovepop, Inc., Corporation just had published form D regarding $5.00 million equity financing. This is a new filing. Lovepop was able to finance itself with $4.10 million. That is 81.92% of the financing round. The total private financing amount was $5.00 million. The private financing document was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $904,223 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Lovepop is based in Massachusetts. The company’s business is not disclosed. The D form was signed by Wombi Rose President. The company was incorporated in 2015. The filler’s address is: 955 Massachusetts Avenue, #179, Cambridge, Ma, Massachusetts, 02139. Robin Rose is the related person in the form and it has address: C/O Lovepop, Inc., 61-63 Chatham Street, Boston, Ma, Massachusetts, 02109. Link to Lovepop Filing: 000164457316000005.
Analysis of Lovepop Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Lovepop sold 81.92% of the offering. The fundraising is still open. Could this mean that the trust in Lovepop is high? The average investment offering size for companies in all industries in our database is $3.05 million. The total amount raised is 34.29% bigger than the average for companies in the database. The minimum investment for this offering was 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 Lovepop Also
The Form D signed by Wombi Rose might help Lovepop, 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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