Sumridge Partners Holdings $70.00 million Financing. Thomas OBrien Filed Aug 10 Form D

August 10, 2017 - By Michael Collier

Sumridge Partners Holdings Financing

Sumridge Partners Holdings Llc, Limited Liability Company just had published form D regarding $70.00 million equity financing. This is a new filing. Sumridge Partners Holdings was able to sell $70.00 million. That is 100.00 % of the round of financing. The total financing amount was $70.00 million. The financing document was filed on 2017-08-10. The reason for the financing was: unspecified.

Sumridge Partners Holdings is based in New Jersey. The firm’s business is Other Banking and Financial Services. The form D was submitted by Thomas OBrien Chief Executive Officer and President. The company was incorporated more than five years ago. The filler’s address is: 111 Town Square Place, Suite 320, Jersey City, Nj, New Jersey, 07310. Kevin Morano is the related person in the form and it has address: C/O Sumridge Partners Holdings, Llc, 111 Town Square Place, Suite 320, Jersey City, Nj, New Jersey, 07310. Link to Sumridge Partners Holdings Filing: 000149009617000002.

Analysis of Sumridge Partners Holdings Offering

On average, startups in the Other Banking and Financial Services sector, sell 60.00 % of the total offering amount. Sumridge Partners Holdings sold 100.00 % of the offering. Could this mean that the trust in Sumridge Partners Holdings is high? The average fundraising amount for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 4,344.44 % bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this offering is set at $0. If you know more about the reasons for the fundraising, 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 Sumridge Partners Holdings Also

The Form D signed by Thomas OBrien might help Sumridge Partners Holdings 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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