Avatar Capital Finance Financing
Avatar Capital Finance Llc, Limited Liability Company just submitted form D regarding $6.50 million debt financing. This is a new filing. Avatar Capital Finance was able to sell $6.40 million. That is 98.46% of the fundraising. The total offering amount was $6.50 million. The financing form was filed on 2016-10-04. The reason for the financing was: unspecified. The fundraising still has about $100,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Avatar Capital Finance is based in Washington. The filler’s business is Other Real Estate. The SEC form was submitted by Jerry Zevenbergen Managing Member. The company was incorporated more than five years ago. The filler’s address is: 1200 Westlake Avenue N, #1006, Seattle, Wa, Washington, 98109. Jerry Zevenbergen is the related person in the form and it has address: 1200 Westlake Ave N, #1006, Seattle, Wa, Washington, 98109. Link to Avatar Capital Finance Filing: 000134298616000035.
Analysis of Avatar Capital Finance Offering
On average, companies in the Other Real Estate sector, sell 100.00% of the total offering size. Avatar Capital Finance sold 98.46% of the offering. The fundraising is still open. The average fundraising amount for companies in the Other Real Estate industry is $931,000. The total amount raised is 587.43% bigger than the average for companies in the Other Real Estate sector. The minimum investment for this financing is set at $14000. 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 Avatar Capital Finance Also
The Form D signed by Jerry Zevenbergen might help Avatar Capital Finance 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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