Form D Alert: Burl Concepts $3.08 million Fundraising. Joel Espelien Published Oct 5 Filing

Technology Burl Concepts, Inc. - Joel Espelien

Burl Concepts Financing

Burl Concepts, Inc., Corporation just submitted form D regarding $3.08 million equity financing. This is a new filing. Burl Concepts was able to finance itself with $3.08 million. That is 100.00% of the fundraising. The total financing amount was $3.08 million. The financing form was filed on 2016-10-05. The reason for the financing was: unspecified.

Burl Concepts is based in California. The filler’s business is Other Technology. The form was submitted by Joel Espelien Corporate Counsel. The company was incorporated in 2013. The filler’s address is: 11545 Sorrento Valley Road, Suite 312, San Diego, Ca, California, 92121. James Joel Brailean is the related person in the form and it has address: 11545 Sorrento Valley Road, Suite 312, San Diego, Ca, California, 92121. Link to Burl Concepts Filing: 000160087416000002.

Analysis of Burl Concepts Offering

On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Burl Concepts sold 100.00% of the offering. Could this mean that the trust in Burl Concepts is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 100.00% bigger than the average for companies in the Other Technology sector. The minimum investment for this offering was set at $15000. 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 Burl Concepts Also

The Form D signed by Joel Espelien might help Burl Concepts, 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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