Form D Summary: Global Velocity $7.56 million Financing. Gary L Benton Released Oct 7 SEC Filing

Computers Global Velocity Inc - Gary L Benton

Global Velocity Financing

Global Velocity Inc, Corporation just had published form D for $7.56 million equity financing. The date of first sale was 2016-01-25. Global Velocity was able to finance itself with $1.56 million so far. That is 20.69% of the fundraising. The total private offering amount was $7.56 million. The fundraising form was filed on 2016-10-07. The reason for the financing was: unspecified. The fundraising still has about $6.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Global Velocity is based in Missouri. The filler’s business is Computers. The D form was submitted by Gary L Benton Attorney at Law. The company was incorporated more than five years ago. The filler’s address is: 540 Maryville Centre Drive, Suite Ll5, St. Louis, Mo, Missouri, 63141. Gregory A Sullivan is the related person in the form and it has address: 540 Maryville Centre Drive, Ste. Ll5, St. Louis, Mo, Missouri, 63141. Link to Global Velocity Filing: 000127648716000002.

Analysis of Global Velocity Offering

On average, startups in the Computers sector, sell 85.30% of the total offering amount. Global Velocity sold 20.69% of the offering. The fundraising is still open. The average offering size for companies in the Computers industry is $130,000. The total amount raised is 1,103.67% bigger than the average for companies in the Computers sector. The minimum investment for this financing is 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 Global Velocity Also

The Form D signed by Gary L Benton might help Global Velocity 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment