Vital Labs Financing
Vital Labs, Inc., Corporation just released form D announcing $1.07 million equity financing. This is a new filing. Vital Labs was able to finance itself with $567,403 so far. That is 53.13% of the offering. The total private offering amount was $1.07 million. The financing form was filed on 2016-11-18. The reason for the financing was: unspecified. The fundraising still has about $500,597 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Vital Labs is based in California. The company’s business is not disclosed. The SEC form was filed by Tuhin Sinha CEO. The company was incorporated in 2013. The filler’s address is: 728 Lexington Way, Burlingame, Ca, California, 94010. Adam D’augelli is the related person in the form and it has address: C/O Vital Labs, Inc., 728 Lexington Way, Burlingame, Ca, California, 94010. Link to Vital Labs Filing: 000164663716000005.
Analysis of Vital Labs Offering
On average, startups in the not disclosed sector, sell 67.77% of the total offering amount. Vital Labs sold 53.13% of the offering. The financing is still open. The average investment offering size for companies in all industries in our database is $3.05 million. The offering was 81.40% smaller than the average of $3.05 million. Of course this should not be taken as negative. Startups get financed for different needs and reasons. The minimum investment for this financing 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 Vital Labs Also
The Form D signed by Tuhin Sinha might help Vital Labs, 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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