Today’s Form D Filing Westhaven Ventures $883782 Fundraising. Shaun Pollard Published Sep 30 form

Westhaven Ventures Inc. - Shaun Pollard

Westhaven Ventures Financing

Westhaven Ventures Inc., Corporation just released form D regarding $883,782 equity financing. This is a new filing. Westhaven Ventures was able to sell $3,629 so far. That is 0.41% of the financing offer. The total private offering amount was $883,782. The form was filed on 2016-09-30. The reason for the financing was: The additional $880,153 may be received upon the exercise of share purchase warrants sold inside and outside the U.S. U.S. dollar amount is based on the Bank of Canada noon rate of exchange reported on September 20, 2016, which was Cdn$1.3228=US$1.00.. The fundraising still has about $880,153 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Westhaven Ventures is based in British Columbia – Canada. The firm’s business is not disclosed. The form D was submitted by Shaun Pollard Director and Chief Financial Officer. The company was incorporated more than five years ago. The filler’s address is: 1056-409 Granville Street, Vancouver, A1, British Columbia, Canada, V6c 1T2. D. Grenville Thomas is the related person in the form and it has address: 1056-409 Granville Street, Vancouver, A1, British Columbia, Canada, V6c 1T2. Link to Westhaven Ventures Filing: 000156253016000001.

Analysis of Westhaven Ventures Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Westhaven Ventures sold 0.41% of the offering. The fundraising is still open. The average investment floor size for companies in all industries in our database is $3.05 million. The offering was 99.88% smaller than the average of $3.05 million. Of course this should not be seen as negative. Firms get financed for different reasons and needs. The minimum investment for this financing 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 Westhaven Ventures Also

The Form D signed by Shaun Pollard might help Westhaven Ventures 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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