Runa $6.00 million Fundraising. A Timothy Sullivan Submitted Jun 18 SEC Form

June 18, 2018 - By reb123z

Runa Financing

Runa, Llc, Limited Liability Company just released form D announcing $6.00 million equity and debt financing. This is a new filing. Runa was able to fundraise $1.81 million so far. That is 30.15 % of the round of financing. The total financing amount was $6.00 million. The financing document was filed on 2018-06-18. The reason for the financing was: unspecified. The fundraising still has about $4.19 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Runa is based in New York. The filler’s business is not disclosed. The SEC form was signed by A Timothy Sullivan Interim CEO. The company was incorporated more than five years ago. The filler’s address is: 135 Madison Avenue, 4Th Floor, New York, Ny, New York, 10016. Andrew Timothy Sullican is the related person in the form and it has address: 135 Madison Avenue, 4Th Floor, New York, Ny, New York, 10016. Link to Runa Filing: 000149021818000002.

Analysis of Runa Offering

On average, companies in the not disclosed sector, sell 67.77 % of the total offering amount. Runa sold 30.15 % of the offering. The fundraising is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 40.69 % smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this fundraising 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 Runa Also

The Form D signed by A Timothy Sullivan might help Runa, 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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