Bractlet, Inc., Corporation just released form D regarding $2.00 million debt financing. The date of first sale was 2016-07-25. Bractlet was able to fundraise $755,000 so far. That is 37.75% of the fundraising offer. The total financing amount was $2.00 million. The financing document was filed on 2016-10-10. The reason for the financing was: unspecified. The fundraising still has about $1.25 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bractlet is based in Texas. The company’s business is Other Technology. The SEC form was submitted by Alec L Manfre Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 510 S. Congress Avenue, Suite 107, Austin, Tx, Texas, 78704. Alec L. Manfre is the related person in the form and it has address: 510 S. Congress Avenue, Suite 107, Austin, Tx, Texas, 78704. Link to Bractlet Filing: 000120919116145514.
Analysis of Bractlet Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering amount. Bractlet sold 37.75% of the offering. The fundraising is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 50.97% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for a variety of needs and reasons. The minimum investment for this financing was set at $5000. 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 Bractlet Also
The Form D signed by Alec L Manfre might help Bractlet, 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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