Emerald Ventures Financing
Emerald Ventures Inc., Corporation just had published form D announcing $5,170 equity financing. This is a new filing. Emerald Ventures was able to fundraise $1,290 so far. That is 24.95% of the financing offer. The total private financing amount was $5,170. The financing form was filed on 2016-11-02. The reason for the financing was: unspecified. The fundraising still has about $3,880 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Emerald Ventures is based in Alabama. The firm’s business is Manufacturing. The D form was filed by Wayne Smith President. The company was incorporated in 2016. The filler’s address is: 60 Helm Lane, Port Ludlow, Wa, Washington, 98365. Wayne Smith is the related person in the form and it has address: 60 Helm Lane, Port Ludlow, Wa, Washington, 98365. Link to Emerald Ventures Filing: 000168899516000001.
Analysis of Emerald Ventures Offering
On average, firms in the Manufacturing sector, sell 59.50% of the total offering amount. Emerald Ventures sold 24.95% of the offering. The fundraising is still open. The average fundraising size for companies in the Manufacturing industry is $763,000. The offering was 99.83% smaller than the average of $763,000. Of course this should not be taken as negative. Firms raise funds for different needs and reasons. The minimum investment for this financing 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 Emerald Ventures Also
The Form D signed by Wayne Smith might help Emerald Ventures 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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