Digital Harmonic Financing
Digital Harmonic Llc, Limited Liability Company just filed form D regarding $10.00 million equity financing. This is a new filing. Digital Harmonic was able to finance itself with $5.02 million so far. That is 50.20 % of the round of financing. The total offering amount was $10.00 million. This form was filed on 2015-12-08. The reason for the financing was: This portion of proceeds will be used to purchase intellectual property from Paul Reed Smith Guitars Limited Partnership, which is controlled by Paul Reed Smith, chairman and manager.. The fundraising still has about $4.98 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Digital Harmonic is based in Maryland. The firm’s business is Other Technology. The D form was submitted by Paul Reed Smith Chairman and Manager. The company was incorporated in 2012. The filler’s address is: 380 Log Canoe Circle, Stevensville, Md, Maryland, 21666. Paul Reed Smith is the related person in the form and it has address: 380 Log Canoe Circle, Stevensville, Md, Maryland, 21666. Link to Digital Harmonic Filing: 000146581815000050.
Analysis of Digital Harmonic Offering
On average, startups in the Other Technology sector, sell 85.80 % of the total offering amount. Digital Harmonic sold 50.20 % of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The total amount raised is 225.97 % bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was set at $20000. 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 Digital Harmonic Also
The Form D signed by Paul Reed Smith might help Digital Harmonic 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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