Form D Watching: Erin Ventures $37341 Fundraising. Blake Fallis Filed Nov 17 D form

Erin Ventures Inc - Blake Fallis

Erin Ventures Financing

Erin Ventures Inc, Corporation just filed form D about $37,341 equity financing. This is a new filing. Erin Ventures was able to finance itself with $37,341. That is 100.00% of the financing round. The total fundraising amount was $37,341. The financing form was filed on 2016-11-17. The reason for the financing was: Cnd$1 = USD$0.7468 as of November 2, 2016. Additional amounts were sold outside of the United States in this offering..

Erin Ventures is based in British Columbia – Canada. The company’s business is not disclosed. The D form was submitted by Blake Fallis General Manager and CFO. The company was incorporated more than five years ago. The filler’s address is: 203, 645 Fort Street, Victoria, A1, British Columbia, Canada, V8w 1G2. Tim Daniels is the related person in the form and it has address: 203, 645 Fort Street, Victoria, A1, British Columbia, Canada, V8w 1G2. Link to Erin Ventures Filing: 000102302316000005.

Analysis of Erin Ventures Offering

On average, startups in the not disclosed sector, sell 67.77% of the total offering size. Erin Ventures sold 100.00% of the offering. Could this mean that the trust in Erin Ventures is high? The average offering size for companies in all industries in our database is $3.05 million. The offering was 98.78% smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this financing 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 Erin Ventures Also

The Form D signed by Blake Fallis might help Erin Ventures 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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