Vicis $10.00 million Financing. David L Marver Submitted Jan 5 Form D

January 5, 2018 - By Ellis Scott

Vicis Financing

Vicis, Inc., Corporation just filed form D because of $10.00 million debt financing. This is a new filing. Vicis was able to sell $1.25 million so far. That is 12.45 % of the fundraising. The total fundraising amount was $10.00 million. The fundraising form was filed on 2018-01-05. The reason for the financing was: unspecified. The fundraising still has about $8.76 million more and is not closed yet. We have to wait more to see if the offering will be fully taken.

Vicis is based in Washington. The company’s business is not disclosed. The form D was submitted by David L Marver President & CEO. The company was incorporated in 2014. The filler’s address is: 570 Mercer Street, Seattle, Wa, Washington, 98109. David Marver is the related person in the form and it has address: C/O Vicis, Inc., 570 Mercer St., Seattle, Wa, Washington, 98109. Link to Vicis Filing: 000116840418000002.

Analysis of Vicis Offering

On average, firms in the not disclosed sector, sell 67.77 % of the total offering amount. Vicis sold 12.45 % of the offering. The financing is still open. The average fundraising size for companies in all industries in our database is $3.05 million. The offering was 59.18 % smaller than the average of $3.05 million. Of course this should not be taken as negative. Firms raise funds for a variety of needs and reasons. The minimum investment for this offering 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 Vicis Also

The Form D signed by David L Marver might help Vicis, 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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