Form D Worth Mentioning: Vgambling $2.00 million Fundraising. Grant Johnson Published Oct 7 Form D

Vgambling Inc. - Grant Johnson

Vgambling Financing

Vgambling Inc., Corporation just had published form D regarding $2.00 million equity financing. This is a new filing. Vgambling was able to finance itself with $30,000 so far. That is 1.50% of the financing offer. The total fundraising amount was $2.00 million. The financing document was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $1.97 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Vgambling is based in Korea. The firm’s business is not disclosed. The form was signed by Grant Johnson Principal Exec. Officer. The company was incorporated more than five years ago. The filler’s address is: 1394 Pineway Court, Oakville, Ca, California, L6m 2H3. Grant Johnson is the related person in the form and it has address: 1394 Pineway Court, Oakville, A6, Ontario, Canada, L6m 2H3. Link to Vgambling Filing: 000100487816000512.

Analysis of Vgambling Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Vgambling sold 1.50% of the offering. The financing is still open. The average financing size for companies in all industries in our database is $3.05 million. The offering was 99.02% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies get financed for a variety of needs and reasons. The minimum investment for this offering is set at $1000. 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 Vgambling Also

The Form D signed by Grant Johnson might help Vgambling 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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