Form D Coverage: Venatcity Systems $3.00 million Fundraising. Salvatore DAuria Filed Nov 14 Form D

Energy Venatcity Systems Inc. - Salvatore DAuria

Venatcity Systems Financing

Venatcity Systems Inc., Corporation just filed form D about $3.00 million equity financing. The date of first sale was 2016-04-19. Venatcity Systems was able to fundraise $1.38 million so far. That is 45.83% of the financing round. The total private offering amount was $3.00 million. The financing document was filed on 2016-11-14. The reason for the financing was: unspecified. The fundraising still has about $1.63 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Venatcity Systems is based in Oregon. The firm’s business is Other Energy. The SEC form was submitted by Salvatore DAuria President. The company was incorporated in 2015. The filler’s address is: 2828 Sw Corbett Ave., Portland, Or, Oregon, 97201-4827. Salvatore D’auria is the related person in the form and it has address: 2828 Sw Corbett Ave., Portland, Or, Oregon, 97201-4827. Link to Venatcity Systems Filing: 000167342016000002.

Analysis of Venatcity Systems Offering

On average, startups in the Other Energy sector, sell 65.00% of the total offering size. Venatcity Systems sold 45.83% of the offering. The financing is still open. The average investment size for companies in the Other Energy industry is $1.11 million. The total amount raised is 24.21% bigger than the average for companies in the Other Energy sector. The minimum investment for this offering is 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 Venatcity Systems Also

The Form D signed by Salvatore DAuria might help Venatcity Systems 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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