Pearl $11.00 million Fundraising. Ophir Tanz Published May 17 Form D

Pearl Financing

Pearl Inc., Corporation just submitted form D regarding $11.00 million equity financing. This is a new filing. Pearl was able to sell $8.80 million so far. That is 80.00 % of the round of financing. The total fundraising amount was $11.00 million. The private financing document was filed on 2019-05-17. The reason for the financing was: unspecified. The fundraising still has about $2.20 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Pearl is based in California. The firm’s business is Other Technology. The form D was filed by Ophir Tanz CEO. The company was incorporated in 2019. The filler’s address is: 750 N. San Vicente Blvd Ste 800, West Hollywood, Ca, California, 90069. Ophir Tanz is the related person in the form and it has address: 750 N. San Vicente Blvd, Ste 800, West Hollywood, Ca, California, 90069. Link to Pearl Filing: 000177716619000001.

Analysis of Pearl Offering

On average, companies in the Other Technology sector, sell 85.80 % of the total offering size. Pearl sold 80.00 % of the offering. The financing is still open. The average investment floor size for companies in the Other Technology industry is $1.54 million. The total amount raised is 471.43 % bigger than the average for companies in the Other Technology sector. 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 Pearl Also

The Form D signed by Ophir Tanz might help Pearl 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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