Fulmer Instruments Financing
Fulmer Instruments, Llc, Limited Liability Company just submitted form D about $500,000 equity financing. This is a new filing. Fulmer Instruments was able to fundraise $450,000. That is 90.00% of the fundraising. The total fundraising amount was $500,000. The private financing document was filed on 2016-10-13. The reason for the financing was: unspecified. The fundraising still has about $50,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fulmer Instruments is based in Alabama. The company’s business is Biotechnology. The D form was filed by Benjamin Fulmer Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 2900 Mountain Brook Parkway, Mountain Brook, Al, Alabama, 35223. Benjamin Fulmer is the related person in the form and it has address: 3172 Overhill Road, Mountain Brook, Al, Alabama, 35223. Link to Fulmer Instruments Filing: 000168752616000001.
Analysis of Fulmer Instruments Offering
On average, companies in the Biotechnology sector, sell 73.77% of the total offering amount. Fulmer Instruments sold 90.00% of the offering. The fundraising is still open. Could this mean that the trust in Fulmer Instruments is high? The average offering size for companies in the Biotechnology industry is $3.08 million. The offering was 85.39% smaller than the average of $3.08 million. Of course this should not be taken as negative. Startups get financed for different reasons and needs. The minimum investment for this fundraising is set at $25000. 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 Fulmer Instruments Also
The Form D signed by Benjamin Fulmer might help Fulmer Instruments, Llc’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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