Triseum $750000 Fundraising. Dan Ellinor Submitted Jun 13 form

June 14, 2018 - By Gloria Calhoun

Triseum Financing

Triseum, Llc, Limited Liability Company just submitted form D regarding $750,000 debt financing. This is a new filing. Triseum was able to finance itself with $510,000 so far. That is 68.00 % of the round of financing. The total offering amount was $750,000. The financing form was filed on 2018-06-13. The reason for the financing was: unspecified. The fundraising still has about $240,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Triseum is based in Texas. The filler’s business is Other Technology. The D form was signed by Dan Ellinor CFO. The company was incorporated in 2014. The filler’s address is: 214 N Main St, Bryan, Tx, Texas, 77803. Andre Thomas is the related person in the form and it has address: 214 N Main Street, Bryan, Tx, Texas, 77803. Link to Triseum Filing: 000167527718000004.

Analysis of Triseum Offering

On average, companies in the Other Technology sector, sell 85.80 % of the total offering size. Triseum sold 68.00 % of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 66.88 % smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for different needs and reasons. The minimum investment for this fundraising is set at $25000. If you know more about the reasons for the fundraising, 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 Triseum Also

The Form D signed by Dan Ellinor might help Triseum, 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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