W.U. Partners I Financing
W.U. Partners I, L.P., Limited Partnership just had published form D because of $250,000 equity financing. This is a new filing. W.U. Partners I, L.P. is expected to finance itself with $250,000 in this fundraising. The total fundraising amount was $250,000. The offering form was filed on 2016-11-23. The reason for the financing was: Potential repayment of loan made to Issuer by officer of General Partner.. The fundraising still has about $250,000 more and is not closed yet. We have to wait more to see if the offering will be fully taken.
W.U. Partners I is based in Texas. The firm’s business is Oil and Gas. The SEC form was signed by Jon Solow Manager of General Partner Carbonate Ventures LP Manager of General Partner. The company was incorporated in 2016. The filler’s address is: 25211 Grogan’s Mill Rd, Suite 170, The Woodlands, Tx, Texas, 77380. Carbonate Ventures, Llc Carbonate Ventures, Llc is the related person in the form and it has address: 2511 Grogan’s Mill Rd, Suite 170, The Woodlands, Tx, Texas, 77380. Link to W.U. Partners I Filing: 000166546716000002.
Analysis of W.U. Partners I Offering
On average, startups in the Oil and Gas sector, sell 13.77% of the total offering amount. W.U. Partners I sold 0.00% of the offering. The financing is still open. The average offering amount for companies in the Oil and Gas industry is $227,000. The offering was 100.00% smaller than the average of $227,000. Of course this should not be seen as negative. Firms raise funds for different needs and reasons. The minimum investment for this offering is set at $50000. 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 W.U. Partners I Also
The Form D signed by Jon Solow Manager of General Partner Carbonate Ventures LP might help W.U. Partners I, L.P.’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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