Viyet, Inc., Corporation just had published form D because of $4.93 million equity financing. This is a new filing. Viyet was able to sell $4.01 million. That is 81.35% of the round of financing. The total financing amount was $4.93 million. The fundraising form was filed on 2016-11-15. The reason for the financing was: Totals include $1,932,825 in cancellation of indebtedness.. The fundraising still has about $920,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Viyet is based in New York. The firm’s business is Retailing. The form was submitted by Elizabeth Brown Chief Executive Officer. The company was incorporated in 2013. The filler’s address is: 584 Broadway, Suite 408, New York, Ny, New York, 10012. Elizabeth Brown is the related person in the form and it has address: C/O Viyet, Inc., 584 Broadway, Suite 408, New York, Ny, New York, 10012. Link to Viyet Filing: 000161992616000006.
Analysis of Viyet Offering
On average, companies in the Retailing sector, sell 71.70% of the total offering amount. Viyet sold 81.35% of the offering. The fundraising is still open. Could this mean that the trust in Viyet is high? The average fundraising amount for companies in the Retailing industry is $45,600. The total amount raised is 8,700.05% bigger than the average for companies in the Retailing sector. 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 Viyet Also
The Form D signed by Elizabeth Brown might help Viyet, 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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