Follow The Form D: Burnalong $500000 Financing. Daniel Freedman Published Nov 14 SEC Filing

Burnalong, Inc. - Daniel Freedman

Burnalong Financing

Burnalong, Inc., Corporation just released form D for $500,000 debt financing. This is a new filing. Burnalong was able to sell $100,000 so far. That is 20.00% of the financing round. The total financing amount was $500,000. This form was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $400,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Burnalong is based in Maryland. The filler’s business is not disclosed. The form was submitted by Daniel Freedman CEO, Presidenr and Secretary. The company was incorporated in 2016. The filler’s address is: 34 Diamond Crest Court, Baltimore, Md, Maryland, 21209. Daniel Freedman is the related person in the form and it has address: 34 Diamond Crest Court, Baltimore, Md, Maryland, 21209. Link to Burnalong Filing: 000167298016000003.

Analysis of Burnalong Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Burnalong sold 20.00% of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 96.72% smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this financing is set at $0. 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 Burnalong Also

The Form D signed by Daniel Freedman might help Burnalong, 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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