Co Slippery Rock Investors, LLC, Limited Liability Company just released form D about $2.93 million equity financing. This is a new filing. Co Slippery Rock Investors was able to sell $270,000 so far. That is 9.22 % of the financing round. The total private offering amount was $2.93 million. The offering form was filed on 2018-04-16. The reason for the financing was: unspecified. The fundraising still has about $2.66 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Co Slippery Rock Investors is based in Ohio. The firm’s business is Other Real Estate. The form was signed by David A. Kornbluth Manager. The company was incorporated in 2018. The filler’s address is: 30000 Chagrin Boulevard, Suite 200, Cleveland, OH 44124. David A. Kornbluth is the related person in the form and it has address: 30000 Chagrin Boulevard, Suite 200, Cleveland, OH 44124. Link to Co Slippery Rock Investors Filing: 000173750018000001.
Analysis of Co Slippery Rock Investors Offering
On average, startups in the Other Real Estate sector, sell 100.00 % of the total offering amount. Co Slippery Rock Investors sold 9.22 % of the offering. The financing is still open. The average offering size for companies in the Other Real Estate industry is $931,000. The offering was 71.00 % smaller than the average of $931,000. Of course this should not be seen as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this fundraising is set at $10,000. 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 Co Slippery Rock Investors Also
The Form D signed by David A. Kornbluth might help Co Slippery Rock Investors, 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.