Fortified Bicycle Financing
Fortified Bicycle, Inc., Corporation just released form D about $750,000 equity financing. This is a new filing. Fortified Bicycle was able to sell $402,500 so far. That is 53.67% of the financing round. The total offering amount was $750,000. The form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $347,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fortified Bicycle is based in Massachusetts. The firm’s business is Retailing. The SEC form was submitted by Tivan Amour President, Treasurer & CEO. The company was incorporated in 2014. The filler’s address is: 105 Kingston Street, Boston, Ma, Massachusetts, 02111. Tivan Amour is the related person in the form and it has address: 105 Kingston Street, Boston, Ma, Massachusetts, 02111. Link to Fortified Bicycle Filing: 000161769016000001.
Analysis of Fortified Bicycle Offering
On average, startups in the Retailing sector, sell 71.70% of the total offering amount. Fortified Bicycle sold 53.67% of the offering. The financing is still open. The average offering size for companies in the Retailing industry is $45,600. The total amount raised is 782.68% bigger than the average for companies in the Retailing sector. The minimum investment for this financing was set at $1. 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 Fortified Bicycle Also
The Form D signed by Tivan Amour might help Fortified Bicycle, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.