Form D Worth Watching: Full Cycle Bioplastics $3.00 million Financing. Ian DeWeerdt Published Nov 22 Form D

Manufacturing Full Cycle Bioplastics Llc - Ian DeWeerdt

Full Cycle Bioplastics Financing

Full Cycle Bioplastics Llc, Limited Liability Company just submitted form D regarding $3.00 million debt financing. This is a new filing. Full Cycle Bioplastics was able to sell $50,000 so far. That is 1.67% of the financing round. The total private financing amount was $3.00 million. The fundraising form was filed on 2016-11-22. The reason for the financing was: The proceeds will be used to fund company operations and build a demonstration facility. The capital should provide 18-24 months of runway. Approximately 50% is earmarked for capital costs. The other 50% is opex. Payroll is the firm’s largest expense.. The fundraising still has about $2.95 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Full Cycle Bioplastics is based in California. The filler’s business is Manufacturing. The form D was signed by Ian DeWeerdt CFO. The company was incorporated in 2014. The filler’s address is: 5327 Jacuzzi St., 1C, Richmond, Ca, California, 94804. Ian V Deweerdt is the related person in the form and it has address: 11625 Overhill Drive, Auburn, Ca, California, 95602. Link to Full Cycle Bioplastics Filing: 000168906416000001.

Analysis of Full Cycle Bioplastics Offering

On average, startups in the Manufacturing sector, sell 59.50% of the total offering amount. Full Cycle Bioplastics sold 1.67% of the offering. The financing is still open. The average offering amount for companies in the Manufacturing industry is $763,000. The offering was 93.45% smaller than the average of $763,000. Of course this should not be interpreted as negative. Startups raise funds for a variety of needs and reasons. The minimum investment for this fundraising is set at $0. 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 Full Cycle Bioplastics Also

The Form D signed by Ian DeWeerdt might help Full Cycle Bioplastics 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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