Important Form D Filing: Blooom $8.00 million Financing. Chris K Costello Submitted Nov 3 Form D

Banking and Financial Services Blooom, Inc. - Chris K Costello

Blooom Financing

Blooom, Inc., Corporation just released form D regarding $8.00 million equity financing. This is a new filing. Blooom was able to fundraise $4.05 million so far. That is 50.63% of the fundraising offer. The total financing amount was $8.00 million. This form was filed on 2016-11-03. The reason for the financing was: unspecified. The fundraising still has about $3.95 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Blooom is based in Kansas. The firm’s business is Other Banking and Financial Services. The form D was filed by Chris K Costello Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 5325 West 115Th Place, Leawood, Ks, Kansas, 66211. Randall Aufderheide is the related person in the form and it has address: 5325 West 115Th Place, Leawood, Ks, Kansas, 66211. Link to Blooom Filing: 000165515616000002.

Analysis of Blooom Offering

On average, startups in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. Blooom sold 50.63% of the offering. The financing is still open. The average offering amount for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 157.14% bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this offering 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 Blooom Also

The Form D signed by Chris K Costello might help Blooom, Inc.’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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