Vioguard Llc, Limited Liability Company just released form D because of $5.00 million equity and debt financing. This is a new filing. Vioguard was able to fundraise $600,000 so far. That is 12.00% of the round of financing. The total offering amount was $5.00 million. The financing form was filed on 2016-10-11. The reason for the financing was: unspecified. The fundraising still has about $4.40 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Vioguard is based in Washington. The firm’s business is Other Technology. The form was submitted by Laurance Ranta President and CEO. The company was incorporated in 2012. The filler’s address is: 19017 120Th Ave Ne, Suite 102, Bothell, Wa, Washington, 98011. Laurance Ranta is the related person in the form and it has address: 19017 120Th Ave Ne, Suite 102, Bothell, Wa, Washington, 98011. Link to Vioguard Filing: 000168707716000002.
Analysis of Vioguard Offering
On average, startups in the Other Technology sector, sell 85.80% of the total offering size. Vioguard sold 12.00% 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 61.04% smaller than the average of $1.54 million. Of course this should not be seen as negative. Startups raise funds for different needs and reasons. The minimum investment for this offering is 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 Vioguard Also
The Form D signed by Laurance Ranta might help Vioguard Llc’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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