Form D Worth Mentioning Today: Brightfarms $30.20 million Financing. Neal Parikh Filed Oct 3 D Filing

Brightfarms, Inc. - Neal Parikh

Brightfarms Financing

Brightfarms, Inc., Corporation just submitted form D announcing $30.20 million equity financing. This is a new filing. Brightfarms was able to fundraise $30.10 million. That is 99.67% of the round of financing. The total private financing amount was $30.20 million. The financing document was filed on 2016-10-03. The reason for the financing was: unspecified. The fundraising still has about $100,504 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Brightfarms is based in New York. The company’s business is not disclosed. The D form was signed by Neal Parikh Chief Financial Officer. The company was incorporated in 2011. The filler’s address is: 21 W. 46Th Street, 7Th Floor, New York, Ny, New York, 10036. Paul Lightfoot is the related person in the form and it has address: 21 W. 46Th Street, 7Th Floor, New York, Ny, New York, 10036. Link to Brightfarms Filing: 000153748216000003.

Analysis of Brightfarms Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Brightfarms sold 99.67% of the offering. The fundraising is still open. Could this mean that the trust in Brightfarms is high? The average financing size for companies in all industries in our database is $3.05 million. The total amount raised is 886.89% bigger than the average for companies in the database. The minimum investment for this financing was set at $0. 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 Brightfarms Also

The Form D signed by Neal Parikh might help Brightfarms, 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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