Magnelan Partners Financing
Magnelan Partners Llc, Limited Liability Company just released form D for $250,000 equity financing. This is a new filing. Magnelan Partners was able to finance itself with $250,000. That is 100.00% of the financing round. The total private offering amount was $250,000. The financing document was filed on 2016-11-30. The reason for the financing was: unspecified.
Magnelan Partners is based in California. The company’s business is Other Energy. The SEC form was signed by Tod Turley Director. The company was incorporated in 2016. The filler’s address is: 16192 Coastal Highway, Lewes, De, Delaware, 19958. Tod Turley is the related person in the form and it has address: 31225 La Baya Drive Suite 200, Westlake Village, Ca, California, 91362. Link to Magnelan Partners Filing: 000169040416000002.
Analysis of Magnelan Partners Offering
On average, companies in the Other Energy sector, sell 65.00% of the total offering size. Magnelan Partners sold 100.00% of the offering. Could this mean that the trust in Magnelan Partners is high? The average investment size for companies in the Other Energy industry is $1.11 million. The offering was 77.42% smaller than the average of $1.11 million. Of course this should not be seen as negative. Businesses raise funds for a variety of reasons and needs. The minimum investment for this offering is 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 Magnelan Partners Also
The Form D signed by Tod Turley might help Magnelan Partners 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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