Vlcty, Inc., Corporation just submitted form D about $1.00 million debt financing. This is a new filing. Vlcty was able to sell $630,000 so far. That is 63.00% of the round of financing. The total private financing amount was $1.00 million. This form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $370,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Vlcty is based in Alabama. The company’s business is Other Technology. The SEC form was filed by Brett Bond Chief Executive Officer. The company was incorporated in 2016. The filler’s address is: 1827 9Th Street, Santa Monica, Ca, California, 90404. Brett Bond is the related person in the form and it has address: C/O Vlcty, Inc., 1827 9Th Street, Santa Monica, Ca, California, 90404. Link to Vlcty Filing: 000168875916000001.
Analysis of Vlcty Offering
On average, companies in the Other Technology sector, sell 85.80% of the total offering amount. Vlcty sold 63.00% of the offering. The fundraising is still open. The average fundraising size for companies in the Other Technology industry is $1.54 million. The offering was 59.09% smaller than the average of $1.54 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this offering 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 Vlcty Also
The Form D signed by Brett Bond might help Vlcty, Inc.’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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