I3 Verticals Financing
I3 Verticals Llc, Limited Liability Company just filed form D because of $10.00 million equity financing. This is a new filing. I3 Verticals was able to finance itself with $10.00 million. That is 100.00% of the financing offer. The total private financing amount was $10.00 million. The fundraising form was filed on 2016-07-13. The reason for the financing was: unspecified.
I3 Verticals is based in Tennessee. The company’s business is Other Banking and Financial Services. The form D was signed by Clay M Whitson Chief Financial Officer. The company was incorporated in 2012. The filler’s address is: 40 Burton Hills Boulevard, Suite 415, Nashville, Tn, Tennessee, 37215. Gregory S. Daily is the related person in the form and it has address: 40 Burton Hills Blvd., Suite 415, Nashville, Tn, Tennessee, 37215. Link to I3 Verticals Filing: 000159943616000006.
Analysis of I3 Verticals Offering
On average, companies in the Other Banking and Financial Services sector, sell 60.00% of the total offering amount. I3 Verticals sold 100.00% of the offering. Could this mean that the trust in I3 Verticals is high? The average financing size for companies in the Other Banking and Financial Services industry is $1.58 million. The total amount raised is 534.92% bigger than the average for companies in the Other Banking and Financial Services 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 I3 Verticals Also
The Form D signed by Clay M Whitson might help I3 Verticals 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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