Neway Capital $1.50 million Fundraising. Nicholas B Jenkins Filed Sep 11 SEC Form

Neway Capital Financing

Neway Capital Llc, Limited Liability Company just released form D announcing $1.50 million equity financing. This is a new filing. Neway Capital was able to finance itself with $600,000 so far. That is 40.00 % of the fundraising. The total fundraising amount was $1.50 million. The financing document was filed on 2019-09-11. The reason for the financing was: unspecified. The fundraising still has about $900,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Neway Capital is based in Alabama. The company’s business is Other Real Estate. The SEC form was filed by Nicholas B Jenkins COO. The company was incorporated in 2017. The filler’s address is: 1875 Connecticut Ave Nw, 10Th Floor, Washington, Dc, District Of Columbia, 20009. Nicholas B Jenkins is the related person in the form and it has address: 1875 Connecticut Ave Nw, 10Th Floor, Washington, Dc, District Of Columbia, 20009. Link to Neway Capital Filing: 000178783819000001.

Analysis of Neway Capital Offering

On average, startups in the Other Real Estate sector, sell 100.00 % of the total offering size. Neway Capital sold 40.00 % of the offering. The financing is still open. The average fundraising size for companies in the Other Real Estate industry is $931,000. The offering was 35.55 % smaller than the average of $931,000. Of course this should not be interpreted as negative. Businesses get financed for a variety of needs and reasons. The minimum investment for this fundraising was set at $1000. 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 Neway Capital Also

The Form D signed by Nicholas B Jenkins might help Neway Capital 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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