Form D: Biopoly $5.00 million Fundraising. Herbert E Schwartz Filed Nov 23 SEC form

Biotechnology Biopoly, Llc - Herbert E Schwartz

Biopoly Financing

Biopoly, Llc, Limited Liability Company just filed form D announcing $5.00 million equity financing. The date of first sale was 2016-01-11. Biopoly was able to finance itself with $1.69 million so far. That is 33.82% of the fundraising offer. The total financing amount was $5.00 million. This form was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $3.31 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Biopoly is based in Indiana. The filler’s business is Biotechnology. The form was signed by Herbert E Schwartz President and CEO. The company was incorporated more than five years ago. The filler’s address is: 3201 Stellhorn Road, Fort Wayne, In, Indiana, 46815. Herbert E. Schwartz is the related person in the form and it has address: 3201 Stellhorn Road, Fort Wayne, In, Indiana, 46815. Link to Biopoly Filing: 000146570416000003.

Analysis of Biopoly Offering

On average, firms in the Biotechnology sector, sell 73.77% of the total offering size. Biopoly sold 33.82% of the offering. The fundraising is still open. The average fundraising amount for companies in the Biotechnology industry is $3.08 million. The offering was 45.09% smaller than the average of $3.08 million. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this fundraising is set at $100000. If you know more about the reasons for the financing, 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 Biopoly Also

The Form D signed by Herbert E Schwartz might help Biopoly, 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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