Hydros $500000 Financing. Lamar Letts Published Aug 10 form

August 10, 2017 - By Peter Erickson

Hydros Financing

Hydros Llc, Limited Liability Company just filed form D because of $500,000 debt financing. This is a new filing. Hydros was able to fundraise $50,000 so far. That is 10.00 % of the offering. The total offering amount was $500,000. The form was filed on 2017-08-10. The reason for the financing was: unspecified. The fundraising still has about $450,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Hydros is based in New York. The company’s business is not disclosed. The form D was submitted by Lamar Letts Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 1875 Utica Avenue, Brooklyn, Ny, New York, 11234. Lamar Letts is the related person in the form and it has address: 1875 Utica Avenue, Brooklyn, Ny, New York, 11234. Link to Hydros Filing: 000171441417000001.

Analysis of Hydros Offering

On average, startups in the not disclosed sector, sell 67.77 % of the total offering amount. Hydros sold 10.00 % of the offering. The fundraising is still open. The average offering amount for companies in all industries in our database is $3.05 million. The offering was 98.36 % smaller than the average of $3.05 million. Of course this should not be seen as negative. Businesses raise funds for different needs and reasons. The minimum investment for this financing was 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 Hydros Also

The Form D signed by Lamar Letts might help Hydros 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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