Vogogo Inc., Corporation just submitted form D regarding $114,420 equity financing. This is a new filing. Vogogo was able to sell $114,420. That is 100.00% of the fundraising offer. The total fundraising amount was $114,420. The offering form was filed on 2016-10-07. The reason for the financing was: Conversions have been made from Canadian dollars to US dollars using an estimated $CAD1.3110/$USD1.00 exchange rate, as of close of business on October 03, 2016..
Vogogo is based in Alberta – Canada. The filler’s business is Other Banking and Financial Services. The form was submitted by Gino DeMichele Interim Chief Executive Officer and President. The company was incorporated more than five years ago. The filler’s address is: 4600, Eighth Avenue Place East, 525 8 Avenue Sw, Calgary, A0, Alberta, Canada, T2p 1G1. Janan Paskaran is the related person in the form and it has address: 4600, Eighth Avenue Place East, 525 8 Avenue Sw, Calgary, A0, Alberta, Canada, T2p 1G1. Link to Vogogo Filing: 000162606416000003.
Analysis of Vogogo Offering
On average, startups in the Other Banking and Financial Services sector, sell 60.00% of the total offering size. Vogogo sold 100.00% of the offering. Could this mean that the trust in Vogogo is high? The average investment offering size for companies in the Other Banking and Financial Services industry is $1.58 million. The offering was 92.74% smaller than the average of $1.58 million. Of course this should not be seen as negative. Businesses raise funds for different reasons and needs. The minimum investment for this financing was set at $0. 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 Vogogo Also
The Form D signed by Gino DeMichele might help Vogogo 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.