640 Associates Financing
640 Associates, Llc, Limited Liability Company just had published form D regarding $7.70 million equity financing. This is a new filing. 640 Associates, Llc is expected to finance itself with $7.70 million in this offering. The total financing amount was $7.70 million. This form was filed on 2016-11-17. The reason for the financing was: unspecified. The fundraising still has about $7.70 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
640 Associates is based in California. The firm’s business is Commercial. The SEC form was filed by RAJU L SHAH President of Manager of Issuer Vectra Management Group, Inc. The company was incorporated in 2016. The filler’s address is: 1528 6Th Street, Suite 100, Santa Monica, Ca, California, 90401. W. James Tozer, Jr. is the related person in the form and it has address: 1528 6Th Street, Suite 100, Santa Monica, Ca, California, 90401. Link to 640 Associates Filing: 000169013916000001.
Analysis of 640 Associates Offering
On average, firms in the Commercial sector, sell 65.22% of the total offering amount. 640 Associates sold 0.00% of the offering. The financing is still open. The average investment offering size for companies in the Commercial industry is $1.60 million. The offering was 100.00% smaller than the average of $1.60 million. Of course this should not be seen as negative. Firms get financed for a variety of reasons and needs. The minimum investment for this fundraising was set at $200000. 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 640 Associates Also
The Form D signed by RAJU L SHAH might help 640 Associates, 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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