Storygize $4.00 million Financing. David Osman Filed Jul 17 SEC Form

July 18, 2017 - By Ellis Scott

Storygize Financing

Storygize Llc, Limited Liability Company just submitted form D about $4.00 million debt financing. The date of first sale was 2016-03-31. Storygize was able to sell $3.73 million. That is 93.13 % of the fundraising. The total offering amount was $4.00 million. The financing document was filed on 2017-07-17. The reason for the financing was: unspecified. The fundraising still has about $275,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Storygize is based in California. The filler’s business is not disclosed. The form was signed by David Osman CEO. The company was incorporated in 2015. The filler’s address is: 1187 Coast Village Road, Santa Barbara, Ca, California, 93108. David Osman is the related person in the form and it has address: 1187 Coast Village Road, Santa Barbara, Ca, California, 93108. Link to Storygize Filing: 000167192217000004.

Analysis of Storygize Offering

On average, companies in the not disclosed sector, sell 67.77 % of the total offering amount. Storygize sold 93.13 % of the offering. The financing is still open. Could this mean that the trust in Storygize is high? The average offering size for companies in all industries in our database is $3.05 million. The total amount raised is 22.13 % bigger than the average for companies in the database. The minimum investment for this financing 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 Storygize Also

The Form D signed by David Osman might help Storygize 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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