Tel Library Partners Llc $1.00 million Fundraising. Vance H Fried Published Sep 19 form D

September 19, 2017 - By Adrian Erickson

Tel Library Partners Llc Financing

Tel Library Partners Llc, Limited Liability Company just submitted form D regarding $1.00 million equity financing. This is a new filing. Tel Library Partners Llc was able to finance itself with $190,000 so far. That is 19.00 % of the financing round. The total offering amount was $1.00 million. The offering form was filed on 2017-09-19. The reason for the financing was: unspecified. The fundraising still has about $810,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Tel Library Partners Llc is based in Alabama. The firm’s business is not disclosed. The D form was filed by Vance H Fried Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 2602 S Shinnery Oak Court, Stillwater, Ok, Oklahoma, 74074. Vance Hoyt Fried is the related person in the form and it has address: 2602 S Shinnery Oak Court, Stillwater, Ok, Oklahoma, 74074. Link to Tel Library Partners Llc Filing: 000171678217000001.

Analysis of Tel Library Partners Llc Offering

On average, startups in the not disclosed sector, sell 67.77 % of the total offering amount. Tel Library Partners Llc sold 19.00 % of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 93.77 % smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this fundraising was set at $5000. 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 Tel Library Partners Llc Also

The Form D signed by Vance H Fried might help Tel Library Partners 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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