Form D Coverage: Bridgeline Digital $1.10 million Fundraising. Michael D Prinn Filed Nov 14 Form D

Technology Bridgeline Digital, Inc. - Michael D Prinn

Bridgeline Digital Financing

Bridgeline Digital, Inc., Corporation just filed form D for $1.10 million equity financing. This is a new filing. Bridgeline Digital was able to fundraise $1.09 million. That is 99.26% of the financing round. The total private financing amount was $1.10 million. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $8,100 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Bridgeline Digital is based in Massachusetts. The company’s business is Other Technology. The SEC form was signed by Michael D Prinn Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 80 Blanchard Road, Burlington, Ma, Massachusetts, 01803. Michael D. Prinn is the related person in the form and it has address: C/O Bridgeline Digital, Inc., 80 Blanchard Road, Burlington, Ma, Massachusetts, 01803. Link to Bridgeline Digital Filing: 000158026616000003.

Analysis of Bridgeline Digital Offering

On average, firms in the Other Technology sector, sell 85.80% of the total offering size. Bridgeline Digital sold 99.26% of the offering. The fundraising is still open. Could this mean that the trust in Bridgeline Digital is high? The average investment floor size for companies in the Other Technology industry is $1.54 million. The offering was 29.10% smaller than the average of $1.54 million. Of course this should not be taken as negative. Startups get financed for a variety of reasons and needs. 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 Bridgeline Digital Also

The Form D signed by Michael D Prinn might help Bridgeline Digital, 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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