Portfolio Company, Pittmoss, $1.75 million Fundraising – Brian P Scott Filed Jul 25 Form D
Pittmoss Llc, Limited Liability Company just had published form D for $1.75 million equity financing. The date of first sale was 2017-02-27. Pittmoss was able to sell $1.23 million so far. That is 70.04 % of the offering. The total fundraising amount was $1.75 million. The private financing document was filed on 2019-07-25. The reason for the financing was: unspecified. The fundraising still has about $524,248 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Pittmoss is based in Ohio. The company’s business is Manufacturing. The form D was filed by Brian P Scott President. The company was incorporated in 2015. The filler’s address is: 2603 Duss Avenue, Ambridge, Pa, Pennsylvania, 15003. Brian Peter Scott is the related person in the form and it has address: 1209 Wilkins Road, Erie, Pa, Pennsylvania, 16505. Link to Pittmoss Filing: 000163402519000002.
Analysis of Pittmoss Offering
On average, firms in the Manufacturing sector, sell 59.50 % of the total offering amount. Pittmoss sold 70.04 % of the offering. The financing is still open. Could this mean that the trust in Pittmoss is high? The average fundraising size for companies in the Manufacturing industry is $763,000. The total amount raised is 60.65 % bigger than the average for companies in the Manufacturing sector. The minimum investment for this financing is set at $1500. 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 Pittmoss Also
The Form D signed by Brian P Scott might help Pittmoss 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.