Bridgeedu, Inc., Corporation just filed form D regarding $2.36 million equity financing. The date of first sale was 2016-03-22. Bridgeedu was able to fundraise $1.83 million so far. That is 77.71% of the offering. The total private financing amount was $2.36 million. The financing document was filed on 2016-12-01. The reason for the financing was: unspecified. The fundraising still has about $525,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Bridgeedu is based in Alabama. The filler’s business is not disclosed. The form was submitted by Wes Moore President & CEO. The company was incorporated in 2014. The filler’s address is: 3901 Saint Paul Street, Baltimore, Md, Maryland, 21218. Wes Moore is the related person in the form and it has address: 3901 Saint Paul Street, Baltimore, Md, Maryland, 21218. Link to Bridgeedu Filing: 000161586616000002.
Analysis of Bridgeedu Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Bridgeedu sold 77.71% of the offering. The fundraising is still open. Could this mean that the trust in Bridgeedu is high? The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 40.00% smaller than the average of $3.05 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 offering is set at $10000. 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 Bridgeedu Also
The Form D signed by Wes Moore might help Bridgeedu, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.