Rednote $6.00 million Financing. Andrew Blacker Released Aug 11 Filing

August 11, 2017 - By Hazel Jackson

Rednote Financing

Rednote Llc, Limited Liability Company just submitted form D for $6.00 million debt financing. The date of first sale was 2016-07-15. Rednote was able to sell $5.88 million. That is 98.04 % of the financing round. The total financing amount was $6.00 million. This form was filed on 2017-08-11. The reason for the financing was: unspecified. The fundraising still has about $117,783 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Rednote is based in New York. The filler’s business is Other Technology. The form D was submitted by Andrew Blacker Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 36 Main Street, Port Washington, Ny, New York, 11050. Andrew Blacker is the related person in the form and it has address: C/O Rednote Llc, 36 Main Street, Port Washington, Ny, New York, 11050. Link to Rednote Filing: 000169146017000002.

Analysis of Rednote Offering

On average, companies in the Other Technology sector, sell 85.80 % of the total offering size. Rednote sold 98.04 % of the offering. The fundraising is still open. Could this mean that the trust in Rednote is high? The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 281.96 % bigger than the average for companies in the Other Technology sector. The minimum investment for this offering 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 Rednote Also

The Form D signed by Andrew Blacker might help Rednote 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.