Jupiter Advanced Research Financing
Jupiter Advanced Research Inc., Corporation just submitted form D for $1.65 million debt financing. This is a new filing. Jupiter Advanced Research was able to finance itself with $75,000 so far. That is 4.55% of the financing offer. The total private financing amount was $1.65 million. This form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $1.58 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Jupiter Advanced Research is based in Oregon. The company’s business is Biotechnology. The SEC form was filed by Elizabeth Kraus by Power of Attorney CEO. The company was incorporated in 2016. The filler’s address is: 15558 Nw Graf St, Portland, Or, Oregon, 97229. Dylan Vance is the related person in the form and it has address: 15558 Nw Graf St, Portland, Or, Oregon, 97229. Link to Jupiter Advanced Research Filing: 000168678516000001.
Analysis of Jupiter Advanced Research Offering
On average, companies in the Biotechnology sector, sell 73.77% of the total offering amount. Jupiter Advanced Research sold 4.55% of the offering. The fundraising is still open. The average offering amount for companies in the Biotechnology industry is $3.08 million. The offering was 97.56% smaller than the average of $3.08 million. Of course this should not be taken as negative. Companies get financed for different needs and reasons. The minimum investment for this offering was set at $50000. 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 Jupiter Advanced Research Also
The Form D signed by Elizabeth Kraus by Power of Attorney might help Jupiter Advanced Research 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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