Benchling, Inc., Corporation just released form D regarding $7.00 million equity financing. This is a new filing. Benchling was able to finance itself with $7.00 million. That is 100.00% of the fundraising offer. The total offering amount was $7.00 million. This form was filed on 2016-10-09. The reason for the financing was: unspecified.
Benchling is based in California. The firm’s business is not disclosed. The form was signed by Sajith Wickramasekara CEO. The company was incorporated in 2012. The filler’s address is: 1122 Howard Street, 3Rd Floor, San Francisco, Ca, California, 94103. Sajith Wickramasekara is the related person in the form and it has address: 1122 Howard Street, 3Rd Floor, San Francisco, Ca, California, 94103. Link to Benchling Filing: 000168740316000001.
Analysis of Benchling Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Benchling sold 100.00% of the offering. Could this mean that the trust in Benchling is high? The average investment offering size for companies in all industries in our database is $3.05 million. The total amount raised is 129.61% bigger than the average for companies in the database. The minimum investment for this financing 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 Benchling Also
The Form D signed by Sajith Wickramasekara might help Benchling, 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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