Form D Summary: Bcause $2.50 million Fundraising. Michael Adolphi Filed Nov 2 D form

Bcause Llc - Michael Adolphi

Bcause Financing

Bcause Llc, Limited Liability Company just had published form D for $2.50 million equity financing. This is a new filing. Bcause Llc is expected to fundraise $2.50 million in this round of financing. The total private financing amount was $2.50 million. The financing form was filed on 2016-11-02. The reason for the financing was: unspecified. The fundraising still has about $2.50 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Bcause is based in Virginia. The filler’s business is not disclosed. The form D was submitted by Michael Adolphi President & CEO. The company was incorporated in 2013. The filler’s address is: 277 Bendix Road, Suite 420, Virginia Beach, Va, Virginia, 23452. Robert E. Lindberg is the related person in the form and it has address: 277 Bendix Rd, Suite 420, Virginia Beach, Va, Virginia, 23452. Link to Bcause Filing: 000162864716000003.

Analysis of Bcause Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Bcause sold 0.00% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 100.00% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for different needs and reasons. The minimum investment for this fundraising is 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 Bcause Also

The Form D signed by Michael Adolphi might help Bcause 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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