Form D Reporting: In House $500000 Fundraising. Benjamin Leibowitz Submitted Nov 29 form

Technology In House Llc - Benjamin Leibowitz

In House Financing

In House Llc, Limited Liability Company just had published form D regarding $500,000 debt financing. This is a new filing. In House was able to fundraise $465,000. That is 93.00% of the financing round. The total fundraising amount was $500,000. The form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $35,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

In House is based in Alabama. The filler’s business is Other Technology. The form was filed by Benjamin Leibowitz Managing Member. The company was incorporated in 2014. The filler’s address is: 64 Allen Street, #2, New York, Ny, New York, 10002. Benjamin Leibowitz is the related person in the form and it has address: 64 Allen Street, #2, New York, Ny, New York, 10002. Link to In House Filing: 000169094616000001.

Analysis of In House Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. In House sold 93.00% of the offering. The financing is still open. Could this mean that the trust in In House is high? The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 69.81% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this offering 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 In House Also

The Form D signed by Benjamin Leibowitz might help In House 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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