Vwise Inc, Corporation just submitted form D about $3.50 million equity financing. The date of first sale was . Vwise was able to finance itself with $3.50 million. That is 100.00% of the fundraising. The total private offering amount was $3.50 million. The private financing document was filed on 2016-10-11. The reason for the financing was: Series D Convertible Preferred Stock.
Vwise is based in California. The company’s business is Other Technology. The SEC form was filed by David Ferrigno CFO. The company was incorporated more than five years ago. The filler’s address is: 85 Enterprise, Suite 320, Aliso Viejo, Ca, California, 92656. Tony Mingo is the related person in the form and it has address: 85 Enterprise, Suite 320, Aliso Viejo, Ca, California, 92656. Link to Vwise Filing: 000141574316000004.
Analysis of Vwise Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering size. Vwise sold 100.00% of the offering. Could this mean that the trust in Vwise is high? The average investment offering size for companies in the Other Technology industry is $1.54 million. The total amount raised is 127.27% bigger than the average for companies in the Other Technology sector. 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 Vwise Also
The Form D signed by David Ferrigno might help Vwise 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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