Form D

Whitelight Ventures $600000 Financing. Chris Lindner Submitted Oct 18 SEC Filing

Whitelight Ventures Financing

Whitelight Ventures, Inc., Corporation just released form D regarding $600,000 equity financing. This is a new filing. Whitelight Ventures was able to sell $350,000 so far. That is 58.33 % of the fundraising. The total private financing amount was $600,000. The financing form was filed on 2018-10-18. The reason for the financing was: Offering is for $500,000 but the Board has the discretion to accept an additional $100,000 in oversubscription.. 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.

Whitelight Ventures is based in Alabama. The company’s business is not disclosed. The D form was signed by Chris Lindner Incorporator/Agent. The company was incorporated in 2018. The filler’s address is: 8744 Holloway Drive, West Hollywood, Ca, California, 90069. Timothy White is the related person in the form and it has address: 8744 Holloway Drive, West Hollywood, Ca, California, 90069. Link to Whitelight Ventures Filing: 000175000418000001.

Analysis of Whitelight Ventures Offering

On average, startups in the not disclosed sector, sell 67.77 % of the total offering size. Whitelight Ventures sold 58.33 % of the offering. The fundraising is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 88.52 % smaller than the average of $3.05 million. Of course this should not be seen as negative. Startups raise funds for a variety of reasons and needs. 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 Whitelight Ventures Also

The Form D signed by Chris Lindner might help Whitelight Ventures, 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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