West Fullman Insurance Co Financing
West Fullman Insurance Co, Limited Liability Company just submitted form D about $4.00 million equity and debt financing. This is a new filing. West Fullman Insurance Co is expected to sell $4.00 million in this round of financing. The total financing amount was $4.00 million. The offering form was filed on 2016-10-12. The reason for the financing was: unspecified. The fundraising still has about $4.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
West Fullman Insurance Co is based in Prince Edward Island – Canada. The filler’s business is Insurance. The form was filed by allison macphee president. The filler’s address is: 30 Woodward Drive Apt#101, Charlottetown, A7, Prince Edward Island, Canada, C1a6n7. Allison Macphee is the related person in the form and it has address: 30 Woodward Drive Apt#101, Charlottetown, A7, Prince Edward Island, Canada, C1a6n7. Link to West Fullman Insurance Co Filing: 000168711816000001.
Analysis of West Fullman Insurance Co Offering
On average, startups in the Insurance sector, sell 70.00% of the total offering amount. West Fullman Insurance Co sold 0.00% of the offering. The fundraising is still open. The average investment size for companies in the Insurance industry is $996,000. The offering was 100.00% smaller than the average of $996,000. Of course this should not be interpreted as negative. Startups raise funds for a variety of needs and reasons. 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 West Fullman Insurance Co Also
The Form D signed by allison macphee might help West Fullman Insurance Co’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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