Veritas Trophy V Financing
Veritas Trophy V, Llc, Limited Liability Company just submitted form D because of $20.00 million equity financing. This is a new filing. Veritas Trophy V was able to fundraise $3.10 million so far. That is 15.50% of the offering. The total offering amount was $20.00 million. The fundraising form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $16.90 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Veritas Trophy V is based in Alabama. The filler’s business is Residential. The SEC form was filed by Yat-Pang Au Manager. The company was incorporated in 2016. 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 V Filing: 000168713716000002.
Analysis of Veritas Trophy V Offering
On average, firms in the Residential sector, sell 100.00% of the total offering size. Veritas Trophy V sold 15.50% of the offering. The financing is still open. The average fundraising size for companies in the Residential industry is $178,000. The total amount raised is 1,641.57% bigger than the average for companies in the Residential sector. The minimum investment for this offering was 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 V Also
The Form D signed by Yat-Pang Au might help Veritas Trophy V, 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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