Millennial Benefit Management Financing
Millennial Benefit Management Corp, Corporation just released form D because of $3.00 million equity financing. The date of first sale was . Millennial Benefit Management Corp is expected to fundraise $3.00 million in this financing round. The total offering amount was $3.00 million. The financing form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Millennial Benefit Management is based in Florida. The filler’s business is Pharmaceuticals. The SEC form was filed by Robert Watson Director. The company was incorporated in 2015. The filler’s address is: 622 Banyan Trail, Ste 614, Boca Raton, Fl, Florida, 33431. Santo J Leo is the related person in the form and it has address: 622 Banyan Trail, Ste 614, Boca Raton, Fl, Florida, 33431. Link to Millennial Benefit Management Filing: 000168881216000002.
Analysis of Millennial Benefit Management Offering
On average, companies in the Pharmaceuticals sector, sell 60.90% of the total offering size. Millennial Benefit Management sold 0.00% of the offering. The financing is still open. The average financing size for companies in the Pharmaceuticals industry is $556,000. The offering was 100.00% smaller than the average of $556,000. Of course this should not be seen as negative. Companies get financed for different reasons and needs. The minimum investment for this offering was set at $100000. 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 Millennial Benefit Management Also
The Form D signed by Robert Watson might help Millennial Benefit Management Corp’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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