Becaid, Llc, Limited Liability Company just released form D for $1.53 million equity financing. This is a new filing. Becaid was able to sell $330,097 so far. That is 21.57% of the fundraising offer. The total fundraising amount was $1.53 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $1.20 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Becaid is based in Connecticut. The firm’s business is Other Technology. The D form was filed by Kenneth Coleman CEO, Secretary and Treasurer. The company was incorporated more than five years ago. The filler’s address is: 5 Science Park, New Haven, Ct, Connecticut, 06511. Bruce Wexler is the related person in the form and it has address: C/O Becaid, Llc, 5 Science Park, New Haven, Ct, Connecticut, 06511. Link to Becaid Filing: 000152134116000001.
Analysis of Becaid Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Becaid sold 21.57% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 78.57% smaller than the average of $1.54 million. Of course this should not be taken as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering was 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 Becaid Also
The Form D signed by Kenneth Coleman might help Becaid, 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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