Turin Capital Partners I Financing
Turin Capital Partners I, Lp, Limited Partnership just filed form D regarding $20.00 million equity financing. The date of first sale was . Turin Capital Partners I, Lp is expected to fundraise $20.00 million in this financing offer. The total private offering amount was $20.00 million. The fundraising form was filed on 2016-11-15. The reason for the financing was: unspecified. The fundraising still has about $20.00 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Turin Capital Partners I is based in Arizona. The company’s business is Investing. The form was filed by Nicholas Glueckler Manager of Turin Capital, LLC, General Partner. The company was incorporated in 2016. The filler’s address is: 14850 N. Scottsdale Rd., Suite 350, Scottsdale, Az, Arizona, 85254. Nicholas Glueckler is the related person in the form and it has address: 14850 N. Scottsdale Road, Suite 350, Scottsdale, Az, Arizona, 85254. Link to Turin Capital Partners I Filing: 000168848816000002.
Analysis of Turin Capital Partners I Offering
On average, startups in the Investing sector, sell 66.70% of the total offering size. Turin Capital Partners I sold 0.00% of the offering. The financing is still open. The average fundraising amount for companies in the Investing industry is $1.41 million. The offering was 100.00% smaller than the average of $1.41 million. Of course this should not be interpreted as negative. Companies raise funds for different needs and reasons. The minimum investment for this financing was 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 Turin Capital Partners I Also
The Form D signed by Nicholas Glueckler might help Turin Capital Partners I, Lp’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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