Upstream Research Financing
Upstream Research Inc., Corporation just had published form D about $1.50 million debt financing. The date of first sale was 2016-06-24. Upstream Research was able to finance itself with $175,000 so far. That is 11.67% of the offering. The total private financing amount was $1.50 million. The private financing document was filed on 2016-11-30. The reason for the financing was: unspecified. The fundraising still has about $1.33 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Upstream Research is based in Washington. The filler’s business is Other Technology. The D form was filed by Nicholas Bedbury CEO. The company was incorporated in 2015. The filler’s address is: 900 Winslow Way East, Bainbridge Island, Wa, Washington, 98110. Nicholas Bedbury is the related person in the form and it has address: 221 1St Ave W, Suite 110, Seattle, Wa, Washington, 98119. Link to Upstream Research Filing: 000165322016000008.
Analysis of Upstream Research Offering
On average, firms in the Other Technology sector, sell 85.80% of the total offering amount. Upstream Research sold 11.67% of the offering. The financing is still open. The average investment size for companies in the Other Technology industry is $1.54 million. The offering was 88.64% smaller than the average of $1.54 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 financing is set at $25000. 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 Upstream Research Also
The Form D signed by Nicholas Bedbury might help Upstream Research 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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