Core Ventures II Financing
Core Ventures II, Llc, Limited Liability Company just released form D regarding $8.00 million equity financing. This is a new filing. Core Ventures II was able to sell $1.00 million so far. That is 12.50% of the financing offer. The total fundraising amount was $8.00 million. The offering form was filed on 2016-10-19. The reason for the financing was: unspecified. The fundraising still has about $7.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Core Ventures II is based in Alabama. The company’s business is not disclosed. The SEC form was signed by JP Errico Managing Director. The company was incorporated in 2013. The filler’s address is: 150 Allen Road, Basking Ridge, Nj, New Jersey, 07920. Jp Errico is the related person in the form and it has address: 150 Allen Road, Basking Ridge, Nj, New Jersey, 07920. Link to Core Ventures II Filing: 000119380516004150.
Analysis of Core Ventures II Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering size. Core Ventures II sold 12.50% of the offering. The financing is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 67.21% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups raise funds for different reasons and needs. The minimum investment for this financing was 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 Core Ventures II Also
The Form D signed by JP Errico might help Core Ventures II, 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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