Main & Hertel $9.50 million Fundraising. David Utley Filed Aug 10 D Filing

August 10, 2017 - By Jacob Falcon

Main & Hertel Financing

Main & Hertel, Llc, Limited Liability Company just submitted form D announcing $9.50 million equity financing. This is a new filing. Main & Hertel, Llc is expected to finance itself with $9.50 million in this round of financing. The total private financing amount was $9.50 million. The fundraising form was filed on 2017-08-10. The reason for the financing was: Developer Fee 5% of the total project costs.Acquisition Fee Approximately 0.75% of the total project costs. The fundraising still has about $9.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Main & Hertel is based in California. The firm’s business is Commercial. The SEC form was submitted by David Utley Attorney In Fact. The company was incorporated in 2017. The filler’s address is: 1697 Oak Srteet, San Francisco, Ca, California, 94117. Jean-Marc Landau is the related person in the form and it has address: 1697 Oak Street, San Francisco, Ca, California, 94117. Link to Main & Hertel Filing: 000171442317000001.

Analysis of Main & Hertel Offering

On average, startups in the Commercial sector, sell 65.22 % of the total offering size. Main & Hertel sold 0.00 % of the offering. The fundraising is still open. The average investment size for companies in the Commercial industry is $1.60 million. The offering was 100.00 % smaller than the average of $1.60 million. Of course this should not be taken as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering was set at $100000. 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 Main & Hertel Also

The Form D signed by David Utley might help Main & Hertel, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.