Bean Box Financing
Bean Box, Inc., Corporation just released form D because of $700,000 equity financing. The date of first sale was 2016-04-15. Bean Box was able to fundraise $630,000. That is 90.00% of the offering. The total private financing amount was $700,000. The financing document was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $70,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bean Box is based in Washington. The filler’s business is Retailing. The form was submitted by Matthew Berk CEO & President. The company was incorporated in 2012. The filler’s address is: 721 East Pine Street, Seattle, Wa, Washington, 98122. Matthew Berk is the related person in the form and it has address: 721 East Pine Street, Seattle, Wa, Washington, 98122. Link to Bean Box Filing: 000155974516000005.
Analysis of Bean Box Offering
On average, startups in the Retailing sector, sell 71.70% of the total offering amount. Bean Box sold 90.00% of the offering. The fundraising is still open. Could this mean that the trust in Bean Box is high? The average offering size for companies in the Retailing industry is $45,600. The total amount raised is 1,281.58% bigger than the average for companies in the Retailing sector. The minimum investment for this offering is 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 Bean Box Also
The Form D signed by Matthew Berk might help Bean Box, 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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