SEC Form D Coverage: Biotork $2.43 million Fundraising. Eudes de Crecy Released Oct 25 SEC Filing

Biotork Llc - Eudes de Crecy

Biotork Financing

Biotork Llc, Limited Liability Company just filed form D because of $2.43 million equity financing. This is a new filing. Biotork was able to finance itself with $2.43 million. That is 100.00% of the round of financing. The total private financing amount was $2.43 million. The fundraising form was filed on 2016-10-25. The reason for the financing was: unspecified.

Biotork is based in Florida. The firm’s business is not disclosed. The D form was filed by Eudes de Crecy Manager and CEO. The company was incorporated more than five years ago. The filler’s address is: 2153 Se Hawthorne Road, #130, Gainesville, Fl, Florida, 32641. Eudes De Crecy is the related person in the form and it has address: 2153 Se Hawthorne Road, #130, Gainesville, Fl, Florida, 32641. Link to Biotork Filing: 000164149716000002.

Analysis of Biotork Offering

On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Biotork sold 100.00% of the offering. Could this mean that the trust in Biotork is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 20.27% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this fundraising was set at $0. If you know more about the reasons for the financing, 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 Biotork Also

The Form D signed by Eudes de Crecy might help Biotork 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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