Veritas Trophy IIi Financing
Veritas Trophy IIi, Llc, Limited Liability Company just had published form D announcing $5.00 million equity financing. This is a new filing. Veritas Trophy IIi was able to sell $5.00 million. That is 100.00% of the round of financing. The total financing amount was $5.00 million. The fundraising form was filed on 2016-10-12. The reason for the financing was: unspecified.
Veritas Trophy IIi is based in Alabama. The filler’s business is Residential. The form was submitted by Yat-Pang Au Manager. The company was incorporated in 2013. The filler’s address is: 600 California Street, 20Th Floor, San Francisco, Ca, California, 94108. Yat-Pang Au is the related person in the form and it has address: 600 California Street, 20Th Floor, San Francisco, Ca, California, 94108. Link to Veritas Trophy IIi Filing: 000168713616000002.
Analysis of Veritas Trophy IIi Offering
On average, companies in the Residential sector, sell 100.00% of the total offering amount. Veritas Trophy IIi sold 100.00% of the offering. Could this mean that the trust in Veritas Trophy IIi is high? The average financing size for companies in the Residential industry is $178,000. The total amount raised is 2,708.99% bigger than the average for companies in the Residential sector. The minimum investment for this offering is set at $250000. 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 Veritas Trophy IIi Also
The Form D signed by Yat-Pang Au might help Veritas Trophy IIi, 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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