On Jun 25 Robert Mumgaard Filed SEC form. Commonwealth Fusion Systems $100.00 million Fundraising.

June 27, 2018 - By Jimmy Cauthen

Commonwealth Fusion Systems Fundraising

A form D was filed by Commonwealth Fusion Systems Llc, Limited Liability Company because of $100.00 million equity financing. This is a new filing. Commonwealth Fusion Systems sold $64.59 million or 64.59 % of the round of financing.In total it’s $100.00 million. On 2018-06-25 the document was filed and the reason was: unspecified. The fundraising still has about $35.41 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Commonwealth Fusion Systems is based in Massachusetts. The company works in the Other Energy business. The person that submitted the D form was Robert Mumgaard President. The company was incorporated in 2017. The filler’s address is: 501 Massachusetts Avenue, Cambridge, Ma, Massachusetts, 02139. Robert Mumgaard is the related person in the form and it has address: 501 Massachusetts Avenue, Cambridge, Ma, Massachusetts, 02139. Link to Commonwealth Fusion Systems Filing: 000174407918000002.

Commonwealth Fusion Systems Offering Details

The firms in the Other Energy sector sell on avg 65.00 % of their offerings amount. Commonwealth Fusion Systems have sold 64.59 % so far. The fundraising is still open. Also companies in the Other Energy industry have an avg offering amount of $1.11 million.And the total raised amount is 5,735.07 % bigger than the average.As for minimum investment it was required 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.

Commonwealth Fusion Systems ‘s pluses of Fundraising Reporting

The Form D signed by Robert Mumgaard might help Commonwealth Fusion Systems Llc as clients feel much more safe to work with a better financed firm. Chances are high that Commonwealth Fusion Systems Llc will stay financially sound. There are good PR effects as well as more attention from angels venture-capital, firms and funds.

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