Curiouser Products Financing
Curiouser Products Inc, Corporation just submitted form D about $3.00 million equity financing. This is a new filing. Curiouser Products was able to sell $2.75 million. That is 91.67% of the fundraising offer. The total private offering amount was $3.00 million. The form was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Curiouser Products is based in Alabama. The company’s business is Other Technology. The D form was signed by Brynn Putnam President. The company was incorporated in 2016. The filler’s address is: 712 Broadway, #4, New York, Ny, New York, 10003. Brynn Putnam is the related person in the form and it has address: 712 Broadway, #4, New York, Ny, New York, 10003. Link to Curiouser Products Filing: 000169125516000001.
Analysis of Curiouser Products Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Curiouser Products sold 91.67% of the offering. The financing is still open. Could this mean that the trust in Curiouser Products is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 78.57% bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising was set at $25000. 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 Curiouser Products Also
The Form D signed by Brynn Putnam might help Curiouser Products 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.
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