Form D Report: Red Ace Capital Management Series Xi Investors $1.00 million Fundraising. Faribourz Firoozabadi Published Nov 23 form

Commercial Red Ace Capital Management Series Xi Investors Llc - Faribourz Firoozabadi

Red Ace Capital Management Series Xi Investors Financing

Red Ace Capital Management Series Xi Investors Llc, Limited Liability Company just had published form D regarding $1.00 million equity financing. This is a new filing. Red Ace Capital Management Series Xi Investors was able to fundraise $600,000 so far. That is 60.00% of the financing offer. The total private financing amount was $1.00 million. The financing document was filed on 2016-11-23. The reason for the financing was: unspecified. The fundraising still has about $400,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Red Ace Capital Management Series Xi Investors is based in Alabama. The company’s business is Commercial. The form was filed by Faribourz Firoozabadi Manager of Red Ace Capital Management LLC, Manager of Issuer. The company was incorporated in 2016. The filler’s address is: 1405 Ridgeview Way Nw, Washington, Dc, District Of Columbia, 20007. Faribourz Firoozabadi is the related person in the form and it has address: 7735 Old Georgetown Road, Suite 301, Bethesda, Md, Maryland, 20814. Link to Red Ace Capital Management Series Xi Investors Filing: 000169082216000001.

Analysis of Red Ace Capital Management Series Xi Investors Offering

On average, firms in the Commercial sector, sell 65.22% of the total offering size. Red Ace Capital Management Series Xi Investors sold 60.00% of the offering. The financing is still open. The average offering amount for companies in the Commercial industry is $1.60 million. The offering was 62.50% smaller than the average of $1.60 million. Of course this should not be taken as negative. Firms get financed for different reasons and needs. The minimum investment for this offering is set at $100000. 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 Red Ace Capital Management Series Xi Investors Also

The Form D signed by Faribourz Firoozabadi might help Red Ace Capital Management Series Xi Investors 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment