Noteworthy Form D Filing: Smartlife Insurance Holdings Company $100.00 million Fundraising. Joseph Cherry Filed Nov 30 Filing

Insurance Smartlife Insurance Holdings Company, Llc - Joseph Cherry

Smartlife Insurance Holdings Company Financing

Smartlife Insurance Holdings Company, Llc, Limited Liability Company just had published form D because of $100.00 million debt financing. This is a new filing. Smartlife Insurance Holdings Company was able to finance itself with $849,000 so far. That is 0.85% of the round of financing. The total financing amount was $100.00 million. The fundraising form was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $99.15 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Smartlife Insurance Holdings Company is based in Arizona. The company’s business is Insurance. The D form was signed by Joseph Cherry President. The company was incorporated in 2016. The filler’s address is: 3851 Boardwalk #908, Atlantic City, Nj, New Jersey, 08401. Joseph Cherry is the related person in the form and it has address: 3851 Boardwalk #908, Atlantic City, Nj, New Jersey, 08401. Link to Smartlife Insurance Holdings Company Filing: 000169108416000001.

Analysis of Smartlife Insurance Holdings Company Offering

On average, companies in the Insurance sector, sell 70.00% of the total offering size. Smartlife Insurance Holdings Company sold 0.85% of the offering. The financing is still open. The average financing size for companies in the Insurance industry is $996,000. The offering was 14.76% smaller than the average of $996,000. Of course this should not be interpreted as negative. Firms raise funds for different needs and reasons. The minimum investment for this offering was set at $500. 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 Smartlife Insurance Holdings Company Also

The Form D signed by Joseph Cherry might help Smartlife Insurance Holdings Company, 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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