Forward Development Group Financing
Forward Development Group, Llc, Limited Liability Company just filed form D about $8.50 million debt financing. The date of first sale was 2016-01-25. Forward Development Group was able to finance itself with $4.51 million so far. That is 53.09% of the offering. The total private financing amount was $8.50 million. The financing form was filed on 2016-10-28. The reason for the financing was: Securities are being offered directly by the Issuer. No commissions or finders’ fees will be paid.. The fundraising still has about $3.99 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Forward Development Group is based in Wisconsin. The filler’s business is Commercial. The D form was submitted by David M Jenkins Managing Member. The company was incorporated more than five years ago. The filler’s address is: 161 Horizon Drive, Suite 101A, Verona, Wi, Wisconsin, 53593. David M. Jenkins is the related person in the form and it has address: 161 Horizon Drive, Suite 101A, Verona, Wi, Wisconsin, 53593. Link to Forward Development Group Filing: 000166626916000002.
Analysis of Forward Development Group Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Forward Development Group sold 53.09% of the offering. The fundraising is still open. The average fundraising size for companies in the Commercial industry is $1.60 million. The total amount raised is 182.02% bigger than the average for companies in the Commercial sector. The minimum investment for this offering was set at $1000. 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 Forward Development Group Also
The Form D signed by David M Jenkins might help Forward Development 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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