Orion Venture Boa Financing
Orion Venture Boa, Llc, Limited Liability Company just released form D about $14.90 million equity financing. This is a new filing. Orion Venture Boa was able to fundraise $5.88 million so far. That is 39.43% of the fundraising offer. The total private offering amount was $14.90 million. The financing document was filed on 2016-11-30. The reason for the financing was: None of the gross proceeds of the Offering is being paid directly to the persons named in 3 above. However, a $50,000 organizational fee will be paid to companies which are owned by such persons.. The fundraising still has about $9.03 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.
Orion Venture Boa is based in Florida. The company’s business is Commercial. The form D was signed by Norman S Weider Authorized Person. The company was incorporated in 2016. The filler’s address is: 200 S. Biscayne Blvd. 6Th Floor, Miami, Fl, Florida, 33131. Barry Michael Brant is the related person in the form and it has address: 200 S. Biscayne Blvd. 6Th Floor, Miami, Fl, Florida, 33131. Link to Orion Venture Boa Filing: 000169110316000001.
Analysis of Orion Venture Boa Offering
On average, startups in the Commercial sector, sell 65.22% of the total offering size. Orion Venture Boa sold 39.43% of the offering. The fundraising is still open. The average offering amount for companies in the Commercial industry is $1.60 million. The total amount raised is 267.19% bigger than the average for companies in the Commercial sector. The minimum investment for this financing was set at $50000. If you know more about the reasons for the fundraising, 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 Orion Venture Boa Also
The Form D signed by Norman S Weider might help Orion Venture Boa, 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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