Green Commuter Financing
Green Commuter, Inc., Corporation just filed form D about $1.00 million debt financing. This is a new filing. Green Commuter was able to finance itself with $200,000 so far. That is 20.00% of the round of financing. The total fundraising amount was $1.00 million. The form was filed on 2016-12-01. The reason for the financing was: estimated portion of these funds used for normal personnel and related expenses for 5-6 months time.. The fundraising still has about $800,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Green Commuter is based in California. The filler’s business is Other Technology. The D form was submitted by Frank Barton Sidles Director of Corporate and Business Development. The company was incorporated in 2014. The filler’s address is: 525 S. Hewitt Street, Los Angeles, Ca, California, 90013. Gustavo Fabian Occhiuzzo is the related person in the form and it has address: 11261 Blix Street, North Hollywood, Ca, California, 91602. Link to Green Commuter Filing: 000169081016000002.
Analysis of Green Commuter Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Green Commuter sold 20.00% of the offering. The fundraising is still open. The average offering size for companies in the Other Technology industry is $1.54 million. The offering was 87.01% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $25000. 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 Green Commuter Also
The Form D signed by Frank Barton Sidles might help Green Commuter, 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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