Form D of The Day: Barfresh Food Group $3.00 million Financing. Joseph S Tesoriero Submitted Oct 11 Form D

Barfresh Food Group Inc. - Joseph S Tesoriero

Barfresh Food Group Financing

Barfresh Food Group Inc., Corporation just filed form D because of $3.00 million equity financing. This is a new filing. Barfresh Food Group was able to fundraise $3.00 million. That is 100.00% of the offering. The total private financing amount was $3.00 million. The financing document was filed on 2016-10-11. The reason for the financing was: Placement agents were issued compensation in the form of placement agent warrants.

Barfresh Food Group is based in California. The company’s business is not disclosed. The D form was submitted by Joseph S Tesoriero CFO. The company was incorporated more than five years ago. The filler’s address is: 8530 Wilshire Boulevard, Suite 450, Beverly Hills, Ca, California, 90211. Riccardo Delle Coste is the related person in the form and it has address: 8530 Wilshire Boulevard, Suite 450, Beverly Hills, Ca, California, 90211. Link to Barfresh Food Group Filing: 000148719716000008.

Analysis of Barfresh Food Group Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Barfresh Food Group sold 100.00% of the offering. Could this mean that the trust in Barfresh Food Group is high? The average financing size for companies in all industries in our database is $3.05 million. The offering was 1.64% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Businesses raise funds for different needs and reasons. The minimum investment for this offering was set at $7000. 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 Barfresh Food Group Also

The Form D signed by Joseph S Tesoriero might help Barfresh Food Group 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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