Forus, Inc., Corporation just filed form D for $9.50 million equity financing. This is a new filing. Forus was able to finance itself with $9.46 million. That is 99.55% of the round of financing. The total private offering amount was $9.50 million. The fundraising form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $43,005 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Forus is based in California. The company’s business is not disclosed. The form was signed by Shinichiro Inoue CEO. The company was incorporated in 2013. The filler’s address is: 350 Townsend Street, Suite 422A, San Francisco, Ca, California, 94107. Shinichiro Inoue is the related person in the form and it has address: 350 Townsend Street, Suite 422A, San Francisco, Ca, California, 94107. Link to Forus Filing: 000157054616000006.
Analysis of Forus Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Forus sold 99.55% of the offering. The fundraising is still open. Could this mean that the trust in Forus is high? The average fundraising size for companies in all industries in our database is $3.05 million. The total amount raised is 210.06% bigger than the average for companies in the database. The minimum investment for this fundraising 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 Forus Also
The Form D signed by Shinichiro Inoue might help Forus, 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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