Allovue $5.50 million Fundraising. Jessica L Gartner Released Mar 12 Filing

March 13, 2018 - By Migdalia James

Allovue Financing

Allovue, Inc., Corporation just submitted form D for $5.50 million equity financing. This is a new filing. Allovue was able to finance itself with $500,000 so far. That is 9.09 % of the financing round. The total financing amount was $5.50 million. This form was filed on 2018-03-12. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Allovue is based in Maryland. The filler’s business is Other Technology. The form was filed by Jessica L Gartner Chief Executive Officer. The company was incorporated more than five years ago. The filler’s address is: 301 W. 29Th Street, Suite 2003, Baltimore, Md, Maryland, 21211. Jessica Gartner is the related person in the form and it has address: C/O Allovue, Inc., 301 W. 29Th Street, Suite 2003, Baltimore, Md, Maryland, 21211. Link to Allovue Filing: 000160859418000002.

Analysis of Allovue Offering

On average, startups in the Other Technology sector, sell 85.80 % of the total offering size. Allovue sold 9.09 % of the offering. The financing is still open. The average financing size for companies in the Other Technology industry is $1.54 million. The offering was 67.53 % smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for different needs and reasons. The minimum investment for this financing is set at $0. 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 Allovue Also

The Form D signed by Jessica L Gartner might help Allovue, Inc.’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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