Form D Reporting: Arovia $5.00 million Financing. Alexander D Wesley Filed Oct 7 Filing

Technology Arovia, Inc. - Alexander D Wesley

Arovia Financing

Arovia, Inc., Corporation just had published form D because of $5.00 million debt financing. This is a new filing. Arovia, Inc. is expected to fundraise $5.00 million in this fundraising offer. The total private offering amount was $5.00 million. The form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $5.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Arovia is based in Alabama. The filler’s business is Other Technology. The D form was submitted by Alexander D Wesley President & CEO. The company was incorporated in 2015. The filler’s address is: 818 11Th St., Galveston, Tx, Texas, 77550. Wesley D Alexander is the related person in the form and it has address: 818 11Th St., Galveston, Tx, Texas, 77550. Link to Arovia Filing: 000168623616000001.

Analysis of Arovia Offering

On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Arovia sold 0.00% of the offering. The financing is still open. The average offering amount for companies in the Other Technology industry is $1.54 million. The offering was 100.00% smaller than the average of $1.54 million. Of course this should not be interpreted as negative. Companies get financed for a variety of reasons and needs. The minimum investment for this fundraising is set at $10000. 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 Arovia Also

The Form D signed by Alexander D Wesley might help Arovia, 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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