Yerdle $15.10 million Financing. Andrew Ruben Published Jan 17 D form

February 15, 2018 - By Vivian Park

Yerdle Financing

Yerdle, Corporation just had published form D for $15.10 million equity financing. This is a new filing. Yerdle was able to finance itself with $12.57 million. That is 83.26 % of the round of financing. The total fundraising amount was $15.10 million. The financing form was filed on 2018-01-17. The reason for the financing was: unspecified. The fundraising still has about $2.53 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Yerdle is based in California. The filler’s business is not disclosed. The D form was submitted by Andrew Ruben President. The company was incorporated more than five years ago. The filler’s address is: 3775 Bayshore Blvd., Brisbane, Ca, California, 94005. Andrew Ruben is the related person in the form and it has address: C/O Yerdle, 3775 Bayshore Blvd., Brisbane, Ca, California, 94005. Link to Yerdle Filing: 000128864918000001.

Analysis of Yerdle Offering

On average, firms in the not disclosed sector, sell 67.77 % of the total offering amount. Yerdle sold 83.26 % of the offering. The fundraising is still open. Could this mean that the trust in Yerdle is high? The average investment size for companies in all industries in our database is $3.05 million. The total amount raised is 312.17 % bigger than the average for companies in the database. The minimum investment for this fundraising was 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 Yerdle Also

The Form D signed by Andrew Ruben might help Yerdle’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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