Focus Ventures Financing
Focus Ventures Ltd., Corporation just released form D announcing $16,589 equity financing. This is a new filing. Focus Ventures was able to fundraise $7,702 so far. That is 46.43% of the financing round. The total financing amount was $16,589. The private financing document was filed on 2016-07-11. The reason for the financing was: The $8,887 may be received on exercise of warrants issued inside the U.S. US$ amounts are based on Bank of Canada noon rate on July 7, 2016, which was CDN$1.00 = US$0.7702.. The fundraising still has about $8,887 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Focus Ventures is based in British Columbia – Canada. The firm’s business is not disclosed. The form D was filed by Sally Whittall Secretary. The company was incorporated more than five years ago. The filler’s address is: 200 Burrard Street, Suite 650, Vancouver, A1, British Columbia, Canada, V6c 3L6. Simon Ridgway is the related person in the form and it has address: 200 Burrard Street, Suite 650, Vancouver, A1, British Columbia, Canada, V6c 3L6. Link to Focus Ventures Filing: 000147160316000003.
Analysis of Focus Ventures Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Focus Ventures sold 46.43% of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 99.75% smaller than the average of $3.05 million. Of course this should not be taken as negative. Companies raise funds for a variety of needs and reasons. The minimum investment for this fundraising 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 Focus Ventures Also
The Form D signed by Sally Whittall might help Focus Ventures Ltd.’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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