Phoenix Processor Limited Partnership Financing
Phoenix Processor Limited Partnership, Limited Partnership just had published form D regarding $30.00 million equity and debt financing. The date of first sale was 2016-01-21. Phoenix Processor Limited Partnership was able to fundraise $3.99 million so far. That is 13.31% of the round of financing. The total fundraising amount was $30.00 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $26.01 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Phoenix Processor Limited Partnership is based in Washington. The company’s business is not disclosed. The form was signed by Richard Wood Vice President Fishery Investments, Ltd. its General Partner. The company was incorporated more than five years ago. The filler’s address is: 333 1St Avenue West, Seattle, Wa, Washington, 98119. F Joseph Bersch Iii is the related person in the form and it has address: 333 1St Avenue West, Seattle, Wa, Washington, 98119. Link to Phoenix Processor Limited Partnership Filing: 000083696616000005.
Analysis of Phoenix Processor Limited Partnership Offering
On average, firms in the not disclosed sector, sell 67.77% of the total offering amount. Phoenix Processor Limited Partnership sold 13.31% of the offering. The financing is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The total amount raised is 30.95% bigger than the average for companies in the database. The minimum investment for this fundraising was set at $40000. If you know more about the reasons for the financing, 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 Phoenix Processor Limited Partnership Also
The Form D signed by Richard Wood might help Phoenix Processor Limited Partnership’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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