Kin Insurance $13.06 million Financing. Sean Harper Published Feb 14 Filing

February 15, 2018 - By Henry Gaston

Kin Insurance Financing

Kin Insurance, Inc., Corporation just filed form D regarding $13.06 million equity financing. This is a new filing. Kin Insurance was able to sell $13.06 million. That is 100.00 % of the financing round. The total private offering amount was $13.06 million. The form was filed on 2018-02-14. The reason for the financing was: unspecified.

Kin Insurance is based in Illinois. The company’s business is Insurance. The form was signed by Sean Harper Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 100 S State Street, Suite 03-133, Chicago, Il, Illinois, 60603. Sean Harper is the related person in the form and it has address: 100 S State Street, Suite 03-133, Chicago, Il, Illinois, 60603. Link to Kin Insurance Filing: 000170835418000001.

Analysis of Kin Insurance Offering

On average, firms in the Insurance sector, sell 70.00 % of the total offering amount. Kin Insurance sold 100.00 % of the offering. Could this mean that the trust in Kin Insurance is high? The average investment floor size for companies in the Insurance industry is $996,000. The total amount raised is 1,211.74 % bigger than the average for companies in the Insurance sector. The minimum investment for this financing was 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 Kin Insurance Also

The Form D signed by Sean Harper might help Kin Insurance, 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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