Frogtek Bop Financing
Frogtek Bop, Llc, Limited Liability Company just filed form D because of $750,000 equity financing. This is a new filing. Frogtek Bop was able to finance itself with $750,000. That is 100.00% of the fundraising offer. The total financing amount was $750,000. The offering form was filed on 2016-10-07. The reason for the financing was: unspecified.
Frogtek Bop is based in Pennsylvania. The company’s business is Other Technology. The form D was submitted by Mark Pedersen Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 2403 Delancey Place, Philadelphia, Pa, Pennsylvania, 19103. David Del Ser Bartolome is the related person in the form and it has address: C/O Frogtek Bop, Llc, 2403 Delancey Place, Philadelphia, Pa, Pennsylvania, 19103. Link to Frogtek Bop Filing: 000119248216000728.
Analysis of Frogtek Bop Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Frogtek Bop sold 100.00% of the offering. Could this mean that the trust in Frogtek Bop is high? The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 51.30% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for different reasons and needs. 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 Frogtek Bop Also
The Form D signed by Mark Pedersen might help Frogtek Bop, Llc’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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