Novetechnologies, Llc, Limited Liability Company just submitted form D announcing $1.80 million debt financing. This is a new filing. Novetechnologies, Llc is expected to sell $1.80 million in this fundraising offer. The total offering amount was $1.80 million. The offering form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $1.80 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Novetechnologies is based in Nebraska. The filler’s business is Other Technology. The form was submitted by Steven G Ranum Attorney of Record, Nebraska bar member. The company was incorporated in 2016. The filler’s address is: 9494 County Road 36, Fort Calhoun, Ne, Nebraska, 68023. Ron Novero is the related person in the form and it has address: 9494 County Road 36, Fort Calhoun, Ne, Nebraska, 68023. Link to Novetechnologies Filing: 000169094416000002.
Analysis of Novetechnologies Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Novetechnologies sold 0.00% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be seen as negative. Firms raise funds for different reasons and needs. The minimum investment for this financing is set at $100000. 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 Novetechnologies Also
The Form D signed by Steven G Ranum might help Novetechnologies, 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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