Extra Life Studios Financing
Extra Life Studios, Llc, Limited Liability Company just submitted form D because of $100,000 equity financing. This is a new filing. Extra Life Studios was able to finance itself with $100,000. That is 100.00 % of the fundraising. The total private offering amount was $100,000. The financing form was filed on 2015-12-28. The reason for the financing was: Payment for services as Managing Member and Employee of the company..
Extra Life Studios is based in Alabama. The company’s business is Other Technology. The form D was submitted by Matt Boudreaux Member. The company was incorporated in 2015. The filler’s address is: 10500 Lakeline Mall Drive, 5103, Austin, Tx, Texas, 78717. Neville Matthew Boudreaux is the related person in the form and it has address: 10500 Lakeline Mall Drive, 5103, Austin, Tx, Texas, 78717. Link to Extra Life Studios Filing: 000166174615000001.
Analysis of Extra Life Studios Offering
On average, startups in the Other Technology sector, sell 85.80 % of the total offering amount. Extra Life Studios sold 100.00 % of the offering. Could this mean that the trust in Extra Life Studios is high? The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 93.51 % smaller than the average of $1.54 million. Of course this should not be seen as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this financing is set at $0. 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 Extra Life Studios Also
The Form D signed by Matt Boudreaux might help Extra Life Studios, 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.