Important Form D Filing: Sunburst Highway $2.00 million Financing. Matthew Blanchard Released Nov 8 Form D

Real Estate Sunburst Highway, Lp - Matthew Blanchard

Sunburst Highway Financing

Sunburst Highway, Lp, Limited Partnership just filed form D announcing $2.00 million equity financing. This is a new filing. Sunburst Highway was able to sell $1.84 million. That is 91.92% of the fundraising. The total offering amount was $2.00 million. The private financing document was filed on 2016-11-08. The reason for the financing was: unspecified. The fundraising still has about $161,599 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Sunburst Highway is based in California. The company’s business is Other Real Estate. The SEC form was submitted by Matthew Blanchard Mngr of The Niki Group, LLC, GP of Filer. The company was incorporated in 2016. The filler’s address is: 11260 El Camino Real, Suite 220, San Diego, Ca, California, 92130. David Trakman is the related person in the form and it has address: 11260 El Camino Real, Suite 220, San Diego, Ca, California, 92130. Link to Sunburst Highway Filing: 000168953816000001.

Analysis of Sunburst Highway Offering

On average, firms in the Other Real Estate sector, sell 100.00% of the total offering size. Sunburst Highway sold 91.92% of the offering. The financing is still open. The average investment size for companies in the Other Real Estate industry is $931,000. The total amount raised is 97.47% bigger than the average for companies in the Other Real Estate sector. The minimum investment for this financing is set at $10000. 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 Sunburst Highway Also

The Form D signed by Matthew Blanchard might help Sunburst Highway, Lp’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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