Organic Green Asia Financing
Organic Green Asia Inc., Corporation just filed form D announcing $1.00 million equity financing. This is a new filing. Organic Green Asia was able to sell $51,429 so far. That is 5.14% of the fundraising offer. The total financing amount was $1.00 million. The fundraising form was filed on 2016-11-10. The reason for the financing was: unspecified. The fundraising still has about $948,571 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Organic Green Asia is based in Virginia. The company’s business is Agriculture. The form was signed by Meng-Hsun Tsai President. The company was incorporated in 2016. The filler’s address is: 4680 Carisbrooke Ln, Fairfax, Va, Virginia, 22030. Meng-Hsun Tsai is the related person in the form and it has address: 4680 Carisbrooke Ln, Fairfax, Va, Virginia, 22030. Link to Organic Green Asia Filing: 000168895816000001.
Analysis of Organic Green Asia Offering
On average, startups in the Agriculture sector, sell 63.30% of the total offering amount. Organic Green Asia sold 5.14% of the offering. The financing is still open. The average fundraising size for companies in the Agriculture industry is $287,000. The offering was 82.08% smaller than the average of $287,000. Of course this should not be interpreted as negative. Startups raise funds for different needs and reasons. The minimum investment for this fundraising 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 Organic Green Asia Also
The Form D signed by Meng-Hsun Tsai might help Organic Green Asia 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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