Storymd $2.50 million Fundraising. Alexander Tsiaras Submitted Mar 13 Form D

March 13, 2018 - By Dolores Ford

Storymd Financing

Storymd Inc., Corporation just submitted form D for $2.50 million equity financing. This is a new filing. Storymd was able to sell $1.35 million so far. That is 54.00 % of the fundraising. The total offering amount was $2.50 million. The financing form was filed on 2018-03-13. The reason for the financing was: unspecified. The fundraising still has about $1.15 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Storymd is based in Alabama. The company’s business is not disclosed. The D form was submitted by Alexander Tsiaras President. The company was incorporated in 2017. The filler’s address is: 1 Main Street #6L, Brooklyn, Ny, New York, 11201. Alexander Tsiaras is the related person in the form and it has address: 1 Main Street #6L, Brooklyn, Ny, New York, 11201. Link to Storymd Filing: 000171453318000003.

Analysis of Storymd Offering

On average, firms in the not disclosed sector, sell 67.77 % of the total offering amount. Storymd sold 54.00 % of the offering. The fundraising is still open. The average investment size for companies in all industries in our database is $3.05 million. The offering was 55.74 % smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms raise funds for a variety of reasons and needs. The minimum investment for this offering is set at $50000. 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 Storymd Also

The Form D signed by Alexander Tsiaras might help Storymd 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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