Form D Worth Watching: Polly Portfolio $1.00 million Fundraising. Tom McCosker Submitted Nov 29 Filing

Banking and Financial Services Polly Portfolio, Inc. - Tom McCosker

Polly Portfolio Financing

Polly Portfolio, Inc., Corporation just released form D about $1.00 million debt financing. This is a new filing. Polly Portfolio was able to fundraise $850,000. That is 85.00% of the round of financing. The total offering amount was $1.00 million. The form was filed on 2016-11-29. 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.

Polly Portfolio is based in New York. The firm’s business is Other Banking and Financial Services. The form D was submitted by Tom McCosker COO & CFO. The company was incorporated in 2014. The filler’s address is: One World Trade Center, Suite 46A, New York, Ny, New York, 10007. Jasen Capital Yang is the related person in the form and it has address: One World Trade Center, Suite 46A, New York, Ny, New York, 10007. Link to Polly Portfolio Filing: 000162761816000004.

Analysis of Polly Portfolio Offering

On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Polly Portfolio sold 85.00% of the offering. The fundraising is still open. Could this mean that the trust in Polly Portfolio is high? The average investment offering size for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 46.03% smaller than the average of $1.58 million. Of course this should not be interpreted as negative. Startups raise funds 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 Polly Portfolio Also

The Form D signed by Tom McCosker might help Polly Portfolio, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment