Today’s Form D On Watch: Colonaryconcepts $2.06 million Financing. Herbert B Stern Published Nov 28 D Form

Biotechnology Colonaryconcepts Llc - Herbert B Stern

Colonaryconcepts Financing

Colonaryconcepts Llc, Limited Liability Company just submitted form D because of $2.06 million debt financing. This is a new filing. Colonaryconcepts was able to sell $1.49 million so far. That is 72.51% of the offering. The total offering amount was $2.06 million. The financing form was filed on 2016-11-28. The reason for the financing was: unspecified. The fundraising still has about $565,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Colonaryconcepts is based in Massachusetts. The firm’s business is Biotechnology. The form D was submitted by Herbert B Stern Chief Executive Officer. The company was incorporated in 2012. The filler’s address is: 251 Nahanton Street, Newton, Ma, Massachusetts, 02459. Herbert B. Stern is the related person in the form and it has address: C/O Colonaryconcepts Llc, 251 Nahanton Street, Newton, Ma, Massachusetts, 02459. Link to Colonaryconcepts Filing: 000157560016000006.

Analysis of Colonaryconcepts Offering

On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Colonaryconcepts sold 72.51% of the offering. The financing is still open. The average investment offering size for companies in the Biotechnology industry is $3.08 million. The offering was 51.62% smaller than the average of $3.08 million. Of course this should not be seen as negative. Startups get financed for different needs and reasons. The minimum investment for this financing is 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 Colonaryconcepts Also

The Form D signed by Herbert B Stern might help Colonaryconcepts 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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