Cleerly $9.37 million Financing. James K Min Published Aug 10 form D

August 10, 2017 - By Michael Collier

Cleerly Financing

Cleerly, Inc., Corporation just submitted form D about $9.37 million equity financing. This is a new filing. Cleerly was able to fundraise $5.50 million so far. That is 58.70 % of the round of financing. The total offering amount was $9.37 million. The form was filed on 2017-08-10. The reason for the financing was: Actual Total Amount Sold is $5,499,997.06; Actual Total Remaining to be Sold is $3,870,002.94. The fundraising still has about $3.87 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Cleerly is based in Alabama. The firm’s business is Other Technology. The form was filed by James K Min President & CEO. The company was incorporated in 2016. The filler’s address is: 22 N. 6Th Street, Suite Ph4f, Brooklyn, Ny, New York, 11249. James K. Min is the related person in the form and it has address: 22 N. 6Th Street, Suite Ph4f, Brooklyn, Ny, New York, 11249. Link to Cleerly Filing: 000171401417000001.

Analysis of Cleerly Offering

On average, firms in the Other Technology sector, sell 85.80 % of the total offering size. Cleerly sold 58.70 % of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 257.14 % bigger than the average for companies in the Other Technology sector. The minimum investment for this fundraising is set at $0. 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 Cleerly Also

The Form D signed by James K Min might help Cleerly, 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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