Avitae Holdings $9.00 million Fundraising. Norman E Snyder Published Mar 13 SEC form

March 14, 2018 - By Winifred Garcia

Avitae Holdings Financing

Avitae Holdings Llc, Limited Liability Company just filed form D about $9.00 million equity financing. The date of first sale was 2017-03-01. Avitae Holdings was able to finance itself with $4.50 million so far. That is 50.00 % of the financing offer. The total private financing amount was $9.00 million. This form was filed on 2018-03-13. The reason for the financing was: investment in subsidiary. The fundraising still has about $4.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Avitae Holdings is based in Ohio. The filler’s business is not disclosed. The SEC form was filed by Norman E Snyder President. The company was incorporated more than five years ago. The filler’s address is: 6060 Parkland Boulevard, Suite 100, Cleveland, Oh, Ohio, 44124. Norman E Snyder is the related person in the form and it has address: 6060 Parkland Boulevard, Suite 100, Cleveland, Oh, Ohio, 44124. Link to Avitae Holdings Filing: 000153502718000001.

Analysis of Avitae Holdings Offering

On average, firms in the not disclosed sector, sell 67.77 % of the total offering amount. Avitae Holdings sold 50.00 % of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The total amount raised is 47.54 % bigger than the average for companies in the database. 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 Avitae Holdings Also

The Form D signed by Norman E Snyder might help Avitae 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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