Forus, Inc., Corporation just submitted form D because of $9.71 million equity financing. The date of first sale was 2016-03-31. Forus was able to sell $9.71 million. That is 100.00% of the fundraising offer. The total offering amount was $9.71 million. The financing form was filed on 2016-11-07. The reason for the financing was: unspecified.
Forus is based in California. The firm’s business is not disclosed. The form D was submitted by Barry Carr Secretary. The company was incorporated in 2013. The filler’s address is: 350 Townsend Street, Suite 422A, San Francisco, Ca, California, 94107. Shinichiro Inoue is the related person in the form and it has address: 350 Townsend Street, Suite 422A, San Francisco, Ca, California, 94107. Link to Forus Filing: 000157054616000007.
Analysis of Forus Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Forus sold 100.00% of the offering. Could this mean that the trust in Forus is high? The average investment floor size for companies in all industries in our database is $3.05 million. The total amount raised is 218.25% bigger than the average for companies in the database. The minimum investment for this fundraising 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 Forus Also
The Form D signed by Barry Carr might help Forus, 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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