Luxury Garage Sale, the luxury resale company has raised another round of funding! I think this is awesome as this is one of the few companies out there that can actually give The RealReal a run for it’s money. They carry everything from Birkins to Zuki and if you haven’t already, check out the overstock items they get in from department and boutique stores. All brand new and at a great price!
Luxury Garage Sale $3.50 million Financing. Trish Lukasik Published Mar 15 SEC Filing
March 15, 2018 – By Marie Mckinney
Luxury Garage Sale Financing
Luxury Garage Sale, Inc., Corporation just released form D announcing $3.50 million equity financing. This is a new filing. Luxury Garage Sale was able to fundraise $3.06 million. That is 87.49 % of the round of financing. The total fundraising amount was $3.50 million. The financing form was filed on 2018-03-15. The reason for the financing was: unspecified. The fundraising still has about $437,716 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Luxury Garage Sale is based in Illinois. The firm’s business is Retailing. The SEC form was signed by Trish Lukasik Chief Executive Officer. The company was incorporated in 2015. The filler’s address is: 329 W 18Th Street, Chicago, Il, Illinois, 60616. Trish Lukasik is the related person in the form and it has address: C/O Luxury Garage Sale, Inc., 329 W 18Th Street, Chicago, Il, Illinois, 60616. Link to Luxury Garage Sale Filing: 000163382918000001.
Analysis of Luxury Garage Sale Offering
On average, firms in the Retailing sector, sell 71.70 % of the total offering size. Luxury Garage Sale sold 87.49 % of the offering. The financing is still open. Could this mean that the trust in Luxury Garage Sale is high? The average offering amount for companies in the Retailing industry is $45,600. The total amount raised is 6,616.09 % bigger than the average for companies in the Retailing sector. The minimum investment for this fundraising 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 Luxury Garage Sale Also
The Form D signed by Trish Lukasik might help Luxury Garage Sale, 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.