Berkeley Research Group Financing
Berkeley Research Group Llc, Limited Liability Company just released form D announcing $11.19 million equity financing. This is a new filing. Berkeley Research Group Llc is expected to sell $11.19 million in this financing round. The total offering amount was $11.19 million. The financing document was filed on 2016-07-12. The reason for the financing was: unspecified. The fundraising still has about $11.19 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Berkeley Research Group is based in Illinois. The filler’s business is not disclosed. The D form was signed by Marvin A Tenenbaum Senior Vice President. The company was incorporated more than five years ago. The filler’s address is: 2200 Powell Street, Suite 1200, Emeryville, Ca, California, 94608. David J. Teece is the related person in the form and it has address: 2200 Powell Street, Suite 1200, Emeryville, Ca, California, 94608. Link to Berkeley Research Group Filing: 000149492616000005.
Analysis of Berkeley Research Group Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Berkeley Research Group sold 0.00% of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be seen as negative. Companies get financed for different reasons and needs. The minimum investment for this fundraising is set at $77775. 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 Berkeley Research Group Also
The Form D signed by Marvin A Tenenbaum might help Berkeley Research Group 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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