Today’s Form D Alert: Bizcents $1.00 million Financing. Susan Lee Craven Johnson Filed Nov 15 Form D

Technology Bizcents Llc - Susan Lee Craven Johnson

Bizcents Financing

Bizcents Llc, Limited Liability Company just filed form D regarding $1.00 million equity and debt financing. The date of first sale was 2014-12-22. Bizcents was able to finance itself with $404,500 so far. That is 40.27% of the offering. The total private offering amount was $1.00 million. The private financing document was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $600,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Bizcents is based in Alabama. The company’s business is Other Technology. The D form was filed by Susan Lee Craven Johnson Manager. The company was incorporated in 2014. The filler’s address is: 4905 Radford Avenue, Suite 206, Richmond, Va, Virginia, 23230. Susan Lee Craven Johnson is the related person in the form and it has address: 4905 Radford Ave, Suite 203, Richmond, Va, Virginia, 23230. Link to Bizcents Filing: 000162966916000004.

Analysis of Bizcents Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Bizcents sold 40.27% of the offering. The financing is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 73.73% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Businesses raise funds for a variety of needs and reasons. The minimum investment for this fundraising was set at $25000. 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 Bizcents Also

The Form D signed by Susan Lee Craven Johnson might help Bizcents Llc’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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