Worldviz, Llc, Limited Liability Company just had published form D about $1.50 million debt financing. The date of first sale was 2016-06-27. Worldviz was able to fundraise $575,000 so far. That is 38.33% of the fundraising. The total fundraising amount was $1.50 million. The financing document was filed on 2016-11-22. The reason for the financing was: unspecified. The fundraising still has about $925,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Worldviz is based in California. The firm’s business is not disclosed. The form D was signed by Andrew Beall CEO. The company was incorporated more than five years ago. The filler’s address is: 27 W. Anapamu Street, Suite 101-121, Santa Barbara, Ca, California, 93101. Andrew Beall is the related person in the form and it has address: 27 W. Anapamu Street, Suite 101-121, Santa Barbara, Ca, California, 93101. Link to Worldviz Filing: 000160293016000003.
Analysis of Worldviz Offering
On average, companies in the not disclosed sector, sell 67.77% of the total offering amount. Worldviz sold 38.33% of the offering. The fundraising is still open. The average fundraising amount for companies in all industries in our database is $3.05 million. The offering was 81.15% smaller than the average of $3.05 million. Of course this should not be interpreted as negative. Companies raise funds for a variety of reasons and needs. The minimum investment for this offering is 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 Worldviz Also
The Form D signed by Andrew Beall might help Worldviz, 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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