Retrotope, Inc., Corporation just filed form D announcing $10.00 million debt financing. This is a new filing. Retrotope was able to finance itself with $2.73 million so far. That is 27.28% of the fundraising. The total fundraising amount was $10.00 million. The financing form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $7.27 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Retrotope is based in California. The company’s business is Biotechnology. The SEC form was signed by Robert Molinari President. The company was incorporated more than five years ago. The filler’s address is: 12133 Foothill Lane, Los Altos Hills, Ca, California, 94022. Robert Molinari is the related person in the form and it has address: C/O Retrotope, Inc., 4300 El Camino Real, Suite 201, Los Altos, Ca, California, 94022. Link to Retrotope Filing: 000160767716000003.
Analysis of Retrotope Offering
On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Retrotope sold 27.28% of the offering. The financing is still open. The average fundraising size for companies in the Biotechnology industry is $3.08 million. The offering was 11.43% smaller than the average of $3.08 million. Of course this should not be taken as negative. Firms get financed for different needs and reasons. The minimum investment for this fundraising is set at $1. 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 Retrotope Also
The Form D signed by Robert Molinari might help Retrotope, 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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