Bluegrass Lake Financing
Bluegrass Lake, Llc, Limited Liability Company just released form D regarding $2.00 million equity financing. This is a new filing. Bluegrass Lake was able to sell $300,000 so far. That is 15.00% of the fundraising. The total private offering amount was $2.00 million. The form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $1.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bluegrass Lake is based in Tennessee. The company’s business is Investing. The D form was filed by Michael R West President. The company was incorporated in 2016. The filler’s address is: 9202 South Northshore Drive, Suite 300, Knoxville, Tn, Tennessee, 37922. William P. Crawford is the related person in the form and it has address: 9202 S. Northshore Drive, Suite 300, Knoxville, Tn, Tennessee, 37922. Link to Bluegrass Lake Filing: 000168773216000001.
Analysis of Bluegrass Lake Offering
On average, firms in the Investing sector, sell 66.70% of the total offering size. Bluegrass Lake sold 15.00% of the offering. The fundraising is still open. The average fundraising amount for companies in the Investing industry is $1.41 million. The offering was 78.71% smaller than the average of $1.41 million. Of course this should not be interpreted as negative. Companies get financed for different needs and reasons. The minimum investment for this offering 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 Bluegrass Lake Also
The Form D signed by Michael R West might help Bluegrass Lake, 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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