Castlegate Partners Vi-Wp Financing
Castlegate Partners Vi-Wp, Llc, Limited Liability Company just submitted form D announcing $2.70 million equity financing. This is a new filing. Castlegate Partners Vi-Wp was able to finance itself with $2.66 million. That is 98.61% of the round of financing. The total financing amount was $2.70 million. The private financing document was filed on 2016-11-08. The reason for the financing was: Issuer will continue to attempt to sell remaining available .5 units.. The fundraising still has about $37,500 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Castlegate Partners Vi-Wp is based in Georgia. The filler’s business is Commercial. The SEC form was submitted by George H Connell III Mgr. of Casltegate Securities, LLC, Mgr. of Casltegate Secu. The company was incorporated in 2016. The filler’s address is: 2030 Powers Ferry Road, Suite 410, Atlanta, Ga, Georgia, 30339. George H Connell, Iii is the related person in the form and it has address: 2030 Powers Ferry Road, Suite 410, Atlanta, Ga, Georgia, 30339. Link to Castlegate Partners Vi-Wp Filing: 000168950716000001.
Analysis of Castlegate Partners Vi-Wp Offering
On average, companies in the Commercial sector, sell 65.22% of the total offering size. Castlegate Partners Vi-Wp sold 98.61% of the offering. The financing is still open. Could this mean that the trust in Castlegate Partners Vi-Wp is high? The average fundraising size for companies in the Commercial industry is $1.60 million. The total amount raised is 66.41% bigger than the average for companies in the Commercial sector. The minimum investment for this offering was set at $37500. 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 Castlegate Partners Vi-Wp Also
The Form D signed by George H Connell III might help Castlegate Partners Vi-Wp, 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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