Vitae Industries Financing
Vitae Industries, Inc, Corporation just had published form D because of $20,000 equity financing. This is a new filing. Vitae Industries was able to fundraise $20,000. That is 100.00% of the financing round. The total private offering amount was $20,000. The private financing document was filed on 2016-12-01. The reason for the financing was: unspecified.
Vitae Industries is based in Rhode Island. The company’s business is Biotechnology. The form D was submitted by Jeanine Sinanan-Singh President & CEO. The company was incorporated in 2014. The filler’s address is: 244 Weybosset St, Providence, X1, United States, 02903. Jeanine Sinanan-Singh is the related person in the form and it has address: 184 Cypress St, Unit 3, Providence, Ri, Rhode Island, 02906. Link to Vitae Industries Filing: 000169129116000001.
Analysis of Vitae Industries Offering
On average, startups in the Biotechnology sector, sell 73.77% of the total offering amount. Vitae Industries sold 100.00% of the offering. Could this mean that the trust in Vitae Industries is high? The average fundraising size for companies in the Biotechnology industry is $3.08 million. The offering was 99.35% smaller than the average of $3.08 million. Of course this should not be seen as negative. Startups raise funds for different needs and reasons. The minimum investment for this financing is set at $0. 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 Vitae Industries Also
The Form D signed by Jeanine Sinanan-Singh might help Vitae Industries, Inc’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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