Storygize Llc, Limited Liability Company just had published form D announcing $4.00 million debt financing. The date of first sale was 2016-03-31. Storygize was able to sell $2.73 million so far. That is 68.13% of the financing offer. The total fundraising amount was $4.00 million. The private financing document was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $1.28 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Storygize is based in California. The firm’s business is not disclosed. The form was signed by David Osman CEO. The company was incorporated in 2015. The filler’s address is: 1187 Coast Village Road, Santa Barbara, Ca, California, 93108. David Osman is the related person in the form and it has address: 1187 Coast Village Road, Santa Barbara, Ca, California, 93108. Link to Storygize Filing: 000167192216000004.
Analysis of Storygize Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Storygize sold 68.13% of the offering. The financing is still open. Could this mean that the trust in Storygize is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 10.66% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this offering is set at $0. 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 Storygize Also
The Form D signed by David Osman might help Storygize 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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