Visionquest Capital Financing
Visionquest Capital Llc, Limited Liability Company just released form D announcing $14.25 million debt financing. This is a new filing. Visionquest Capital was able to finance itself with $11.25 million so far. That is 78.92% of the financing round. The total offering amount was $14.25 million. This form was filed on 2016-10-05. The reason for the financing was: unspecified. The fundraising still has about $3.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Visionquest Capital is based in North Carolina. The company’s business is Other Banking and Financial Services. The D form was filed by Stacy Beane Manager. The company was incorporated more than five years ago. The filler’s address is: 112 E Hargett Street, Suite B, Raleigh, Nc, North Carolina, 27601. Stacy Beane is the related person in the form and it has address: 112 E Hargett Street, Suite B, Raleigh, Nc, North Carolina, 27601. Link to Visionquest Capital Filing: 000168584916000001.
Analysis of Visionquest Capital Offering
On average, startups in the Other Banking and Financial Services sector, sell 60.00% of the total offering size. Visionquest Capital sold 78.92% of the offering. The financing is still open. Could this mean that the trust in Visionquest Capital is high? The average offering size for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 614.00% bigger than the average for companies in the Other Banking and Financial Services sector. The minimum investment for this financing is set at $20000. 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 Visionquest Capital Also
The Form D signed by Stacy Beane might help Visionquest Capital 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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