Fullbridge, Inc., Corporation just submitted form D regarding $7.50 million debt financing. This is a new filing. Fullbridge was able to finance itself with $3.71 million so far. That is 49.52% of the fundraising offer. The total fundraising amount was $7.50 million. This form was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $3.79 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Fullbridge is based in Massachusetts. The company’s business is not disclosed. The form was submitted by Ramon A Rivera Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 38 Chauncy Street, Suite 1100, Boston, Ma, Massachusetts, 02111. Ramon A. Rivera is the related person in the form and it has address: 38 Chauncy Stret, Suite 1100, Boston, Ma, Massachusetts, 02111. Link to Fullbridge Filing: 000149733616000004.
Analysis of Fullbridge Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Fullbridge sold 49.52% of the offering. The financing is still open. The average investment size for companies in all industries in our database is $3.05 million. The total amount raised is 21.77% bigger than the average for companies in the database. The minimum investment for this offering was 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 Fullbridge Also
The Form D signed by Ramon A Rivera might help Fullbridge, 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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