Bonafide Provisions Financing
Bonafide Provisions, Llc, Limited Liability Company just submitted form D announcing $2.50 million equity financing. This is a new filing. Bonafide Provisions was able to fundraise $2.50 million. That is 100.00% of the fundraising. The total offering amount was $2.50 million. This form was filed on 2016-11-17. The reason for the financing was: unspecified.
Bonafide Provisions is based in California. The filler’s business is not disclosed. The form was submitted by Richard Brown President. The company was incorporated in 2012. The filler’s address is: 3753 Mission Avenue, Suite 106, Oceanside, Ca, California, 92058. Sharon Brown is the related person in the form and it has address: 3753 Mission Avenue, Suite 106, Oceanside, Ca, California, 92058. Link to Bonafide Provisions Filing: 000167069316000002.
Analysis of Bonafide Provisions Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Bonafide Provisions sold 100.00% of the offering. Could this mean that the trust in Bonafide Provisions is high? The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 18.03% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups get financed 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 Bonafide Provisions Also
The Form D signed by Richard Brown might help Bonafide Provisions, 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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