Follow The Form D: Volta Industries $15.60 million Financing. CHRISTOPHER WENDEL Submitted Oct 28 Form D

Volta Industries, Inc. - CHRISTOPHER WENDEL

Volta Industries Financing

Volta Industries, Inc., Corporation just submitted form D for $15.60 million equity financing. This is a new filing. Volta Industries was able to fundraise $11.51 million so far. That is 73.79% of the financing offer. The total offering amount was $15.60 million. This form was filed on 2016-10-28. The reason for the financing was: unspecified. The fundraising still has about $4.09 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Volta Industries is based in California. The firm’s business is not disclosed. The form D was filed by CHRISTOPHER WENDEL PRESIDENT. The company was incorporated in 2014. The filler’s address is: 155 De Haro Street, San Francisco, Ca, California, 94103. Scott Mercer is the related person in the form and it has address: 155 De Haro Street, San Francisco, Ca, California, 94103. Link to Volta Industries Filing: 000155489916000003.

Analysis of Volta Industries Offering

On average, firms in the not disclosed sector, sell 67.77% of the total offering size. Volta Industries sold 73.79% of the offering. The fundraising is still open. Could this mean that the trust in Volta Industries is high? The average offering amount for companies in all industries in our database is $3.05 million. The total amount raised is 277.47% bigger than the average for companies in the database. The minimum investment for this offering 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 Volta Industries Also

The Form D signed by CHRISTOPHER WENDEL might help Volta Industries, 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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