Form D Worth Mentioning: Cellular Approaches $5.06 million Financing. Court Turner Filed Nov 15 Filing

Biotechnology Cellular Approaches, Inc. - Court Turner

Cellular Approaches Financing

Cellular Approaches, Inc., Corporation just filed form D about $5.06 million equity financing. This is a new filing. Cellular Approaches was able to fundraise $2.56 million so far. That is 50.59% of the fundraising. The total financing amount was $5.06 million. The financing document was filed on 2016-11-15. 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.

Cellular Approaches is based in California. The filler’s business is Biotechnology. The SEC form was filed by Court Turner President & CEO. The company was incorporated in 2016. The filler’s address is: 11099 North Torrey Pines Road, Suite 290, La Jolla, Ca, California, 92037. Court Turner is the related person in the form and it has address: 11099 North Torrey Pines Road, Suite 290, La Jolla, Ca, California, 92037. Link to Cellular Approaches Filing: 000168971016000002.

Analysis of Cellular Approaches Offering

On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Cellular Approaches sold 50.59% of the offering. The financing is still open. The average fundraising size for companies in the Biotechnology industry is $3.08 million. The offering was 16.88% smaller than the average of $3.08 million. Of course this should not be taken as negative. Firms 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 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 Cellular Approaches Also

The Form D signed by Court Turner might help Cellular Approaches, 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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