Form D Worth Mentioning: Foster Bridge Partners $1.00 million Fundraising. Andrew Kilbride Published Nov 29 SEC Filing

Pooled Investment Fund Foster Bridge Partners Llc - Andrew Kilbride

Foster Bridge Partners Financing

Foster Bridge Partners Llc, Limited Liability Company just had published form D regarding $1.00 million debt financing. This is a new filing. Foster Bridge Partners was able to sell $200,000 so far. That is 20.00% of the financing round. The total offering amount was $1.00 million. The fundraising form was filed on 2016-11-29. The reason for the financing was: unspecified. The fundraising still has about $800,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Foster Bridge Partners is based in Michigan. The company’s business is Pooled Investment Fund. The form D was signed by Andrew Kilbride Founder. The company was incorporated more than five years ago. The filler’s address is: 303 Detroit Street, Suite 100, Ann Arbor, Mi, Michigan, 48104. Andrew Kilbride is the related person in the form and it has address: 303 Detroit Street, Suite 100, Ann Arbor, Mi, Michigan, 48104. Link to Foster Bridge Partners Filing: 000168625416000002.

Analysis of Foster Bridge Partners Offering

On average, companies in the Pooled Investment Fund sector, sell 37.80% of the total offering size. Foster Bridge Partners sold 20.00% of the offering. The financing is still open. The average financing size for companies in the Pooled Investment Fund industry is $24.76 million. The offering was 99.19% smaller than the average of $24.76 million. Of course this should not be seen as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this offering was 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 Foster Bridge Partners Also

The Form D signed by Andrew Kilbride might help Foster Bridge Partners 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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