Auxo Management Financing
Auxo Management, L.P., Limited Partnership just filed form D regarding $10.60 million equity financing. This is a new filing. Auxo Management was able to finance itself with $10.60 million. That is 100.00% of the offering. The total private offering amount was $10.60 million. The financing document was filed on 2016-11-09. The reason for the financing was: unspecified.
Auxo Management is based in Ontario – Canada. The company’s business is Business Services. The form was submitted by ERIK MIKKELSEN CHIEF REVENUE OFFICER OF GP OF GP OF ISSUER. The company was incorporated more than five years ago. The filler’s address is: 6441 Northam Drive, Mississauga, A6, Ontario, Canada, L4v 1J2. Aura Management L.P. is the related person in the form and it has address: 6441 Northam Drive, Mississauga, A6, Ontario, Canada, L4v 1J2. Link to Auxo Management Filing: 000168966616000001.
Analysis of Auxo Management Offering
On average, companies in the Business Services sector, sell 69.04% of the total offering amount. Auxo Management sold 100.00% of the offering. Could this mean that the trust in Auxo Management is high? The average offering size for companies in the Business Services industry is $583,000. The total amount raised is 1,717.32% bigger than the average for companies in the Business Services sector. The minimum investment for this fundraising is 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 Auxo Management Also
The Form D signed by ERIK MIKKELSEN might help Auxo Management, L.P.’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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