On March 25th Steven Warren Released Form D. Freight Farms $13.07 Million Financing.
Posted by Mike Johnson
March 25, 2019
Freight Farms Fundraising
A form D was filed by Freight Farms, Inc., Corporation because of $13.07 million equity financing. The date of first sale was 2017-04-04. Freight Farms sold $8.09 million or 61.90 % of the fundraising offer.In total it’s $13.07 million. On 2019-03-25 the document was filed and the reason was: unspecified. The fundraising still has about $4.98 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Freight Farms is based in Massachusetts. The filler works in the Other Technology business. The person that filed the form was Steven Warren Treasurer. The company was incorporated more than five years ago. The filler’s address is: 340 Summer Street, Suite 108, Boston, Ma, Massachusetts, 02127. Brad Mcnamara is the related person in the form and it has address: 840 Summer Street, Suite 108, Boston, Ma, Massachusetts, 02127. Link to Freight Farms Filing: 000159280019000003.
Freight Farms Offering Details
The startups in the Other Technology sector sell on avg 85.80 % of their offerings amount. Freight Farms have sold 61.90 % so far. The financing is still open. Also companies in the Other Technology industry have an avg fundraising size of $1.54 million.And the total raised amount is 425.26 % bigger than the average.As for minimum investment it is set at $0.
Form D – advantages and disadvantages
Usually Form D fillings have information that ventures and startups don’t like revealing. More precisely they reveal plans and reasons for funds raising. On other hand this could help understand better your competitors.
Freight Farms ‘s pluses of Fundraising Reporting
The Form D signed by Steven Warren might help Freight Farms, Inc. as clients feel much more safe to work with a better financed firm. Chances are high that Freight Farms, Inc. will stay financially sound. There are good PR effects as well as more attention from angels venture-capital, firms and funds.